U.S. prepared for expanding beef production

After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.

• Sep 25, 2018Increasing beef production: What it means for cattle prices+0.7%
• Feb 14, 2017US beef production squeezes imports+0.8%
• Dec 24, 2021Beef production up on expected heavier dressed weights and higher fed cattle slaughter - Progressive Cattle | Ag Proud+0.1%
• Dec 4, 2023USDA increases beef production forecasts - Grainews-1.8%
• Nov 24, 2021Higher cow slaughter and carcass weights raise 2021 beef production forecast - Progressive Cattle | Ag Proud+2.1%

After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.

• Sep 25, 2018Increasing beef production: What it means for cattle prices+1.4%
• Feb 14, 2017US beef production squeezes imports+2.2%
• Dec 24, 2021Beef production up on expected heavier dressed weights and higher fed cattle slaughter - Progressive Cattle | Ag Proud+2.1%
• Dec 4, 2023USDA increases beef production forecasts - Grainews+0.4%
• Apr 25, 2022Beef production continues to be down in 2022 - Progressive Cattle | Ag Proud-1.0%