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A Kentucky extension specialist reviews why cattle prices fell sharply in 2015 and 2016. He cites a cowherd expansion that raised beef production about 4% above 2014 levels, and heavier harvest weights that were partly driven by cheaper feed.
He says production is likely to keep rising over the next couple of years.
Continued growth in beef supply keeps pressure on live and feeder cattle prices, which affects the cost of cattle-based feed inputs and feeder margins.
u.osu.eduSmith atMar 22, 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.
