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An article from the Wyoming Livestock Roundup argues that with stable domestic beef demand, any herd expansion would oversupply the U.S. market. It says ranchers and feedlots may need verification programs to meet export requirements.
Expected herd growth with flat domestic demand is bearish for cattle prices unless export access expands, which depends on verification programs.
wylr.netJul 8, 2017After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% 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.
