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Texas economists say beef prices should hold steady in 2019 as strong export demand absorbs rising domestic supply, with no major rally expected. Cattle numbers are projected to decline in 2020, which could support prices later.
Sideways cattle prices and strong export absorption keep feeder demand steady for feed buyers in the near term. A herd decline in 2020 would tighten supply and could lift cattle values later.
tscra.orgWritten by: kristinFeb 5, 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.
