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An LSU AgCenter economist said U.S. cattle supplies grew about 3% this year and beef demand is improving but faces competition from pork and chicken. Retail fresh beef prices have fallen 18 cents per pound since October.
Cattle prices have failed to sustain gains in 2016.
Expanding red meat and poultry output must be sold, which keeps downward pressure on wholesale and retail beef prices. Feedlot operators may see lower fed cattle prices persist through year-end.
lsuagcenter.comMay 4, 2016Not 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.
