Herd Size

From the intense heat in the South to drought blanketing much of the U.S., weather stole headlines again in 2023. What caused such extreme conditions? One meteorologist explains the culprits of the heat and drought.

After years of liquidation, the U.S. cattle herd continues to contract. With drought still a driving force behind lower cattle numbers, market experts think cattle price could top previous price records set back in 2014.

Cattle producers liquidated their herds with drought hitting cattle country. They also faced poor pasture and winter wheat conditions. So, what does that mean for the fall cattle run and the market outlook?