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Oklahoma State extension economist Derrell Peel expects record beef production in 2018 alongside growing pork and poultry output, creating record total meat supplies. He says beef demand will be the key factor in prices, and that the Fed may raise rates faster due to tax cuts and infrastructure spending.
Larger beef supplies compete with demand and are likely to pressure cattle prices, squeezing producer margins unless consumer demand holds up.
news.okstate.eduJan 9, 2018Not 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.
