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Speakers at a National Cattlemen's Beef Association webinar said cattle market volatility will likely persist for 18 months to two years due to COVID-19. The US holds about 30.5 to 31 million beef cows, and feedyard backlogs are making it hard to place feeder cattle.
Analysts warn the fall calf market could be vulnerable, with calf numbers around 150 to 160 million head.
Feedyard backlogs and a possible weak fall calf market could pressure feeder cattle prices, while a moderate cow herd limits longer-term supply growth.
wylr.netJul 4, 2020Not 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.
