Cattle market predictions for 2024 indicate the price of inputs like corn and hay will go down, but the trend of declining herd numbers will stay for some time.
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Cattle hay, grain prices predicted to drop in 2024
Cattle feed costs for corn and hay are expected to decline in 2024 while prices for live cattle remain high. However, cattle herd numbers are not expected to start recovering from a nationwide decline until 2025.
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