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CattleFax outlook at the San Antonio convention expects a plateauing US cattle herd and strong beef demand to support prices in 2020. Weather is seen as supportive, with a shift toward La Niña conditions, and corn plantings are forecast to rise to 94 million acres.
A flat cattle supply and strong demand support higher cattle prices, while forecast larger corn acreage and a La Niña pattern point to lower feed costs for feedlots.
tsln.comFeb 6, 2020After 80 past bullish weather events, LCATTLE moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
After 357 past bearish weather events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
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.
