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The US beef herd may begin growing for the first time in nearly a decade, after the smallest cattle supply since the 1960s. Retail choice beef prices are up 8% over the past year and 20% since 2008.
Herd rebuilding would eventually add cattle supply, but with the smallest herd in decades, slow growth will not lower feeder or fed cattle prices soon.
ipm.orgGrant GerlockOct 29, 2019Not 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.
