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Oklahoma State extension economist Derrell Peel describes U.S. cattle markets as stable, with rising domestic and international demand absorbing higher production. He warns that outside economic factors, including a possibly fragile U.S. economy, could shock demand and create volatility.
A balance between production and demand keeps cattle prices flat, but potential demand shocks could quickly shift prices, which matters for feeder cattle buyers planning purchases.
agproud.comCarrie VeselkaJan 19, 2019After 18 past neutral macro events, Live Cattle moved a median +0.1% over 5 sessions (61% higher; middle half -1.0% to +1.6%), and +1.0% over 20.
After 56 past macro events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +1.3%), and +1.4% 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.
