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Harlan Hughes projects feeder cattle prices using FAPRI spring 2018 forecasts, which suggest annual slaughter cattle prices may average $115 per cwt in 2018, $113 in 2019 and $110 in 2020, with the cycle bottoming around 2020. Drought in cow country is identified as the main factor that could change these projections.
Long-run forecasts of lower slaughter prices through 2020 signal sustained pressure on cattle values and cattle-feeding margins. Drought in cow country could alter the outlook and affect feed demand.
beefmagazine.comHarlan Hughes 2Jun 8, 2018After 126 past bearish report events, FCATTLE moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.
After 144 past bearish report events, LCATTLE moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% 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.
