Loading…
University of Tennessee economist Andrew Griffith said at a February 17 seminar that beef cattle prices will likely rise in the second half of 2020. He cited a smaller US herd, strong demand for US beef in South Korea and Japan, and possible drought or fire effects in Australia on imports.
A forecast of higher prices from a smaller herd and tighter Australian supply supports cattle values, though the outlook depends on export demand and trade with China.
americanfarm.comJane W. GrahamFeb 21, 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.
