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Rabobank's Global Animal Protein Outlook 2022 says protein producers face inflation in feed, labor, energy and freight in 2022. It projects North American beef production to decline, with US beef cow numbers falling 1.8% to 30.6 million head by January 1, 2022.
Lower US beef cow numbers and a 2.5% drop in slaughter point to tighter fed cattle supply, which supports cattle prices, while feed cost inflation squeezes producer margins.
meatpoultry.comBob SimsNov 19, 2021After 268 past bullish report events, LCATTLE 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.
