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National Beef Inc. says the US cattle industry is seeing a bottom in its downturn. CEO Tim Klein told journalists the company believes it is through the worst part of the cycle.
A bottoming of the cattle cycle points to slowly tightening herd supply ahead, which would support live and feeder cattle prices over time. The comments are company outlook rather than a new supply shock, so the immediate price effect is limited.
Not 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.