# Big beef supply is a given, so watch demand

> 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.

- Date: 2017-12-20 · published 2017-12-20T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/67600-big-beef-supply-is-a-given-so-watch-demand
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

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.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2018-06-27 | [Beef Supply and Demand Challenges Continue \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/64472-beef-supply-and-demand-challenges-continue-ohio-beef-cattle-letter.md) | -0.6% | +3.2% |
| LCATTLE | 2018-02-02 | [CattleFax: Large supply and strong demand in 2018](https://feedsoft.ai/events/66626-cattlefax-large-supply-and-strong-demand-in-2018.md) | -0.5% | -0.7% |
| LCATTLE | 2023-06-27 | [Live cattle weaken on slowing demand - CME
						 \| The Beef Site](https://feedsoft.ai/events/35614-live-cattle-weaken-on-slowing-demand-cme-the-beef-site.md) | -0.6% | +1.2% |
| LCATTLE | 2017-12-29 | [A Few Thoughts by John Nalivka: Big picture beef supply outlook for 2018 \| TSLN.com](https://feedsoft.ai/events/67601-a-few-thoughts-by-john-nalivka-big-picture-beef-supply-outlook-for-2018-tsln-com.md) | +0.3% | +0.4% |
| LCATTLE | 2017-11-20 | [Competitor watch: Is the US nearing the top of its beef production cycle? - Beef Central](https://feedsoft.ai/events/67922-competitor-watch-is-the-us-nearing-the-top-of-its-beef-production-cycle-beef.md) | -1.1% | -0.8% |
| FCATTLE | 2018-06-27 | [Beef Supply and Demand Challenges Continue \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/64472-beef-supply-and-demand-challenges-continue-ohio-beef-cattle-letter.md) | +4.6% | +4.6% |
| FCATTLE | 2023-06-27 | [Live cattle weaken on slowing demand - CME
						 \| The Beef Site](https://feedsoft.ai/events/35614-live-cattle-weaken-on-slowing-demand-cme-the-beef-site.md) | +6.1% | +4.1% |
| FCATTLE | 2017-12-29 | [A Few Thoughts by John Nalivka: Big picture beef supply outlook for 2018 \| TSLN.com](https://feedsoft.ai/events/67601-a-few-thoughts-by-john-nalivka-big-picture-beef-supply-outlook-for-2018-tsln-com.md) | +0.7% | +1.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/big-beef-supply-is-a-given-so-watch-demand

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