Tight beef supplies and strong demand pushed 2014 beef and cattle prices record high. It's likely not over, either.
The 1.4% uptick in cattle on feed Dec. 1 reflects feedlots holding cattle longer to feed them to heavier weights. A smaller 2014 calf crop and cow-calf producers retaining more heifers to expand breeding herds will further tighten beef supply. Lower production should support beef, fed cattle and feeder cattle prices.
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