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Iowa State extension economist Lee Schulz reviews 2020 beef prices by quarter, noting record third-quarter beef production and lower fourth-quarter fed and feeder cattle prices year over year. He outlines how WASDE and Livestock Outlook estimates tie supply to price for 2021.
Record 2020 beef production and expected 2021 price trends shape cattle placements and feed demand, though the piece offers outlook rather than a new shock.
tsln.comLee Schulz, ISU extension livestock economistDec 30, 2020After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% over 20.
After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), and +0.5% 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.
