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A Southeast AgNET piece says the gradual downsizing of the US beef cattle herd could push cattle prices higher. It references USDA Outlook Board forecasts for US meat production and exports.
A shrinking herd reduces cattle supply, supporting higher live cattle prices and implying steady demand for feed grains in finishing operations.
southeastagnet.comDanAug 25, 2021Not enough comparable past events yet for a historical read.
Not 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.
