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Brett Stuart of Global AgriTrends says inflation, input costs, weather and disease are shaping global beef production. He notes that US beef prices are up 26% since 2020 and that US beef output in 2023 will be the lowest in 44 years.
Shrinking beef output and higher input costs keep red meat prices elevated, which can shift demand toward cheaper proteins and affect feed demand.
beefmagazine.comJan 5, 2023After 28 past bullish macro events, Live Cattle moved a median -0.3% over 5 sessions (39% higher; middle half -1.2% to +0.9%), 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.
