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Farm Progress outlook says U.S. beef production is expected to reach a record of about 27.3 billion pounds in 2018, while beef exports hit a record near 2.8 billion pounds in 2017. Retail beef prices were holding near year-earlier levels at the end of 2017.
Record production expectations point to ample supplies that may cap cattle price gains, though strong export demand offers some support.
farmprogress.comDerrell Peel, David P. AndersonJan 10, 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.
