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CattleFax CEO Randy Blach told the Cattle Industry Summer Business Meeting that US herd expansion has slowed to a crawl and that record beef, pork and poultry supplies are weighing on the market. He stressed the need to open export markets and resolve trade policy questions ahead of expected record meat consumption next year.
Slowing herd growth supports cattle prices, but record meat supplies and reliance on export access create downside risk if trade barriers persist.
feedstuffs.comJul 31, 2019Not enough comparable past events yet for a historical read.
Not 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.
