# Farm economist forecasts rise in beef prices this year - American Farm Publications

> 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.

- Date: 2020-02-21 · published 2020-02-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54552-farm-economist-forecasts-rise-in-beef-prices-this-year-american-farm
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

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.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- americanfarm.com: https://americanfarm.com/articles/beef-dairy/farm-economist-forecasts-rise-in-beef-prices-this-year/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.