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An outlook piece explains beef supply dynamics, noting drought, pricey feed and good cull cow prices are pushing more cows to market in the short term. Beef production is forecast to fall 1.7% in 2022 and 3.0% in 2023.
Short-term cow slaughter adds beef supply now but tightening production later supports higher future cattle prices.
farmprogress.comLee SchulzMay 20, 2022After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
