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Northern Ag Network's 2018 outlook says strong beef demand held livestock markets together in 2017, keeping cattle prices supported through a sharp rally. Analysts expect 2018 cattle prices to average somewhat lower than 2017 as beef and total protein supplies keep rising.
Red meat and poultry supplies are up about 10% in four years.
Rising protein supply versus steady demand points to modestly lower cattle prices in 2018. Feeder cattle values are also exposed to that downward pressure.
aginfo.netJan 2, 2018
northernag.netJan 1, 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.
