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U.S. and Canadian beef production has risen while wholesale beef prices remain high. The Choice-Select spread is wide, and cash prices vary by region, with the southern U.S. trading higher and Alberta expected to lose ground.
Higher beef output and margin pressure at the producer level can limit cattle price gains. Strong wholesale demand supports cattle values despite the supply increase.
realagriculture.comRealAgriculture News TeamNov 1, 2019Not 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.
