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Livestock Marketing Information Center economist Jim Robb says cull cow prices dipped below 40 cents as ranchers compete with dairy herd liquidators. He also reports that China's tariff on hides and U.S. retaliatory leather tariffs have pushed down the value of beef by-products.
Dairy herd liquidation and weaker by-product values from tariffs pressure cull cow and hide prices, reducing returns on beef cow and cattle slaughter values.
wylr.netMar 22, 2019After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% 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.
