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DecisionNext's Michael Farrand says beef supply is set to decline through 2026, with fed cattle held longer on feed due to lower grain prices and heavier carcass weights. Large beef imports are offsetting tight domestic supply, supported by a strong US dollar and weak yen.
Tighter domestic beef supply and rising imports support beef and cattle values while pushing buyers toward chicken as a substitute. Lower grain prices are also keeping cattle on feed longer.
provisioneronline.comFred WilkinsonMay 28, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
