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Mississippi State economist Josh Maples reviews 2018 beef headlines, including large supplies, record exports and trade concerns. He expects 2019 U.S. cow herd growth to be roughly flat and beef production to rise just under 2 percent.
Growing beef supplies remain the main headwind to higher cattle prices, but slowing herd growth may stabilize prices later, which affects feeder cattle and beef demand for feed buyers.
wlj.netJosh Maples, Mississippi State University Department of Agricultural EconomicsJan 8, 2019After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% 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.
