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An agricultural economist at a Nebraska producer event said cattle prices will keep declining for several years as the U.S. herd rebuilds. Cattle inventory is projected to rise, production is expected to grow 4.5% this year and another 4% in 2017, and cull cow prices have dropped.
Expanding herd numbers and higher output point to continued supply pressure on cattle prices, and producers may slow herd growth in response.
wylr.netSep 24, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
