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Don Close of Rabo AgriFinance described 2019 cattle markets as highly volatile, citing trade uncertainty with China and severe winter weather. He noted that record protein production had been projected, but flooding in Nebraska has reduced expected beef output.
He expects continued reliance on aggressive Saturday packer slaughter.
Lower beef output from flood damage and dependence on packer slaughter tighten the cattle supply outlook. Trade uncertainty adds to price volatility for buyers planning feed purchases.
wylr.netApr 3, 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.
