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Harlan Hughes' Part 3 of a beef price cycle series says the US cattle market has entered the defensive phase of the cycle. It explains how heifer retention responds to calf prices and projects that cattle slaughter will rise into 2020-2021 as beef cow numbers grow.
Expected growth in cattle slaughter over the coming years implies lower cattle prices and a longer-term reduction in feeder demand for feed grains.
beefmagazine.comHarlan Hughes 2Mar 1, 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.
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.
