Cattle cycle contraction spurs record-high cattle futures

Highest cattle prices ahead until herd rebuilding begins.

Krissa Welshans, Livestock Editor

September 14, 2023

9 Slides

Low herd numbers, in part due to drought in cattle-producing regions, have sustained high prices of late, signaling the throes of the contraction phase of the cattle cycle, according to the CME Group. In response, heifer retention and eventual herd rebuilding are expected in the coming years, but until this occurs, even tighter U.S. cattle supplies are expected to send prices higher.

About the Author(s)

Krissa Welshans

Livestock Editor

Krissa Welshans grew up on a crop farm and cow-calf operation in Marlette, Michigan. Welshans earned a bachelor’s degree in animal science from Michigan State University and master’s degree in public policy from New England College. She and her husband Brock run a show cattle operation in Henrietta, Texas, where they reside with their son, Wynn.

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