U.S. beef prices are at record highs, and a Texas A&M economist discussed where the cattle market is headed at a regional beef conference. Producers were advised to set aside some of their current profits in case the cycle turns.
Consumers are reacting to record beef prices, and the effects are spreading from pasture to retail.
Tight supply keeps cattle and beef prices high, but the piece highlights rising consumer resistance and the risk of a cyclical turn.
Not 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.