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A market recap outlines 2020 beef themes, with the pandemic shifting demand toward home cooking and disrupting slaughter in the second quarter. Beef demand outcomes in 2021 remain uncertain and are tied to the virus trajectory and the vaccine rollout.
Uncertain beef demand limits how far cattle prices can rise despite tight supplies. Buyers should watch restaurant and foodservice recovery as the key demand signal.
wlj.netKatelyn McCullock, Livestock Marketing Information Center directorJan 8, 2021Not 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.
