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An extension bulletin lists the main factors for cattle and beef markets in 2020. These include trade, domestic demand, supply, competing meats and feed costs.
It notes that the USMCA revision and an expected China Phase 1 agreement should reduce trade uncertainty.
The outlook suggests that trade clarity could support beef export demand. Supply tightness and feed costs remain the main price drivers to watch.
stwnewspress.comPayne County ExtensionJan 12, 2020Not 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.
