# Beef cattle headed into 2018 on a high note

> 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.

- Date: 2018-01-10 · published 2018-01-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/66967-beef-cattle-headed-into-2018-on-a-high-note
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Record production expectations point to ample supplies that may cap cattle price gains, though strong export demand offers some support.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/livestock/beef-cattle-headed-into-2018-on-a-high-note

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.