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An industry commentary argues that the Beef Checkoff has helped drive beef demand, citing 2019 commercial beef production of 27.2 billion pounds and an average fed price of $117 per cwt. A recent court ruling allowed 15 state beef councils to keep operating.
The piece is analytical commentary on demand drivers rather than a new supply or demand shock, so it has little direct price impact on feed markets.
beefmagazine.comNevil SpeerFeb 6, 2020After 18 past neutral macro events, Live Cattle moved a median +0.1% over 5 sessions (61% higher; middle half -1.0% to +1.6%), and +1.0% 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.
