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An Ohio State cattle letter invites producers to a NAHMS feedlot health survey running through April 7. It also reports USDA data showing US beef cow numbers grew about 1% in 2019 after a roughly 10% rise since 2014.
Continued beef herd expansion points to more beef supply over time, which is mildly bearish for cattle prices, though the survey itself has no direct price effect.
u.osu.eduSmith atMar 20, 2019After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% 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.
