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US beef prices remain elevated because the cattle herd is the smallest since 1961 after years of low prices and drought. Possible new tariffs and immigration reform could constrain supplies further.
A structurally small herd keeps feeder and fed cattle prices supported, with added risk from trade and labor policy.
bloomberg.comGerson Freitas Jr.Dec 9, 2024Not 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.
