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An opinion piece argues beef producers should expect two to three years of lower prices because expanding cattle and beef supplies cap market rallies. It recommends locking in higher prices during short-term upswings.
Expanding cattle supplies cap beef and cattle price rallies, which supports lower longer-term cattle prices for feed-yard and feeder-market planning.
farmprogress.comScott BrownMar 6, 2017After 27 past bearish macro events, Feeder Cattle moved a median -0.9% over 5 sessions (37% higher; middle half -3.7% to +0.4%), and 0.0% over 20.
After 37 past bearish macro events, Live Cattle moved a median -1.1% over 5 sessions (30% higher; middle half -4.3% to +0.4%), and -0.4% 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.
