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US cattle inventory on January 1, 2020 was 94.4 million head, about 400,000 below a year earlier. Beef supplies are rising while COVID-19 weighs on demand, and live cattle futures fell sharply in late February before partly recovering.
Large beef supplies combined with softer demand pressure cattle prices. Slower herd growth limits further supply increases, which partly offsets the downside.
agproud.comRussell KnightMar 10, 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.
