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Live cattle futures fell on four of the last five trading days, with minimal interest in cash cattle trade, prompting producer questions about the pullback. DTN analyst ShayLe Stewart argues that a shrinking beef cow herd and strong beef demand still point to higher prices over the next two to three years.
Near-term weakness in cash and futures reflects short-term trading pressure rather than a change in tight supply. Buyers should expect the longer-term supply tightness to keep cattle prices supported.
dtnpf.comShayLe StewartAug 29, 2022Not 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.
