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USDA data show on-farm cattle slaughter reached 100,600 head in 2019, the highest since 2013 but only 0.3% of the total harvest. Beef cow slaughter data suggest some cow-calf producers are trimming herds.
Commercial locker facilities are booked far ahead due to the cattle backlog.
Packer capacity constraints and a large cattle backlog delay marketing and keep the fed cattle market under pressure, while herd trimming could tighten future supply.
farmprogress.comLee SchulzJun 18, 2020Not 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.
