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Texas A&M economists say cattle herds are near the end of their post-2012-drought growth phase, and strong export demand has kept US beef prices steady. Prices are expected to move sideways in 2019, with declining cattle numbers forecast for 2020.
Stable export demand and an expected sideways market support cattle values, while the eventual herd decline points to higher prices and stronger feed demand later.
animalscience.tamu.eduJan 12, 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.
