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Beef Magazine's Wes Ishmael argues that cattle cycle inventory swings are narrowing, citing a K-State study of cow numbers across cycles. He says growing carcass weights and strong demand, including international, make a deep trough unlikely.
A flatter cattle cycle with heavier carcasses and steady demand supports cattle prices over the long run, though it reduces the historical pull toward cow liquidation and feed-intensive herd rebuilding.
beefmagazine.comWes IshmaelMar 30, 2018After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% over 20.
After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), 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.
