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Sam Miller of BMO Harris says the 2019 livestock outlook shows a glimmer of hope as lower corn and soybean meal prices reduce feed costs. He notes trade disputes have unsettled dairy and pork, and that the USMCA deal is not expected to be finalized until 2019.
Lower feed costs improve livestock producer margins, while trade uncertainty continues to cap demand for pork and dairy. The commentary is an analyst outlook rather than a new market-moving event.
brownfieldagnews.comMeghan GrebnerNov 5, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
