The biggest lesson one can learn from the previous cycle is that producers do not control the daily, weekly or monthly cash price, but they do control the marketing decisions of their cattle.

In this episode, two guests weigh in on what's ahead for agriculture in the new year. Redd Summit Advisor's Ross Bronson addresses ways producers can leverage the decline in cattle inventory, and CoBank's Brian Earnest discusses recessionary fears, rising interest rates and more.

U.S. beef production is poised to end 2022 with another record in total output, as January through October federally inspected slaughtered beef hit 23.25 billion pounds – a 1.9% increase over the same 10-month period from 2021’s record production.

The latest USDA Cattle on Feed report pegged the Oct. 1 cattle on feed inventory at 11.45 million head, down 0.9% year over year. This is the first year-over-year decrease in the monthly on-feed inventory since December 2021.

In this episode, Paul visits with Dave Nichols, an emeritus professor at Kansas State University about his experiences as a livestock judge and educator, discussing opportunities to bridge the gap between agriculture and consumers. David also visits with K-State ag economist Ted Schroeder about the changing elements in the cattle markets, and the potential pitfalls of mandating cash cattle markets. David, Paul and Carrie also share a preview of the November issue, and share what they're grateful for this Thanksgiving season.

The year kicked off with a cattle inventory estimated to be down 2%, thanks to a 2021 calf crop down 2.3% from the previous year, due largely to the pressures brought on by drought and high input costs for feed, fuel, fertilizer and labor. This Market Intel provides farmers and ranchers with a snapshot of what is happening to the U.S. cattle herd as we head toward the finish line of 2022.