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Oklahoma State economist Derrell Peel expects growing beef supplies to push retail, wholesale, fed and feeder cattle prices lower in 2018. He says demand depends on strong macroeconomic conditions, export growth and trade improvement.
Expanding beef supply is expected to pressure cattle values, and feed buyers should expect demand for feed to track bigger herds if the outlook holds.
farmprogress.comAlan NewportDec 20, 2017After 144 past bearish report events, LCATTLE moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 126 past bearish report events, FCATTLE moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% 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.
