"You know, across the board the entire cattle and beef complex has really had a remarkable run since mid-September. We've had a tremendous run in cash markets, futures markets, feeder cattle, fed cattle, and the boxed beef market." That’s what Derrell Peel, Extension livestock marketing economist at Oklahoma State University, tells the Oklahoma Farm Report.

We are in the middle of the fourth quarter now, so what does 2020 look like for the markets? Peel says we may have leveled out, or possibly plateaued on the mama cow numbers. "I think the inventory has plateaued. I'm basically expecting the January 2020 cattle inventory numbers to be plus or minus unchanged. They could be either way slightly, but I don't look for a major change in either one of those."

Click or tap here for Peel’s analysis for the rest of 2019.