Loading…
Oklahoma State extension summarizes USDA FAS projections showing global beef production rising slightly in 2023, with US output falling and Brazil and China growing. US beef consumption is forecast to decline while Brazil remains the largest beef exporter.
A lower US beef output and Brazil's export growth shape global beef trade flows, supporting US cattle prices while Brazilian supply competes in export markets.
extension.okstate.eduMay 1, 2023After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
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.
