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The Western Livestock Journal says Q4 outlooks for the beef industry point to downside risk. The analysis cites expectations of higher red meat and poultry production, along with trade and macro uncertainty.
Expected growth in red meat output and downside risks to demand point to weaker cattle prices ahead.
wlj.netWLJOct 3, 2019After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), 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.
