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Texas cattle producers were told at a San Antonio convention to expect continued price swings as large beef supplies work through the supply chain. CattleFax economist Randy Blach said cattle prices fell 35 percent in the fall and then rallied 35 percent, and that domestic protein supply has changed more than at any point in his 35 years.
Speculative investment in agricultural commodities was also cited as a driver of volatility.
Heavy beef supply and herd rebuilding point to continued volatility in cattle prices, which matters for feeder cattle and feed demand. The message is largely routine market commentary with no new shock.
agrilifetoday.tamu.eduBlair FanninApr 4, 2017Not 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.
