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Analysts at Oklahoma State expect cattle and beef prices to trade sideways to weaker through the rest of 2017 as seasonal pressure builds. Beef production is up 3.8% year to date, with slaughter up 5.7% but carcass weights down 17 pounds.
A Montana court also barred the state beef council from using checkoff funds for advertising without producer consent.
Higher slaughter and seasonal demand weakness point to softer cattle prices, while the checkoff ruling is a local promotion matter with little price effect.
beefmagazine.comBurt RutherfordJul 3, 2017Not 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.
