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Derrell Peel of Oklahoma State said the first half of 2018 was strong for U.S. beef, but second-half demand could weaken as retaliatory tariffs hit exports. He said tariffs on other meats, especially pork, would push more total meat into the domestic market.
The article also covered natural disaster preparedness for livestock.
Tariff-driven export losses shift meat into the domestic market, which pressures cattle and hog prices in the second half of the year.
beefmagazine.comBurt RutherfordJul 9, 2018After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% 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.
