(NAFB) A pair of recent market reports paint a picture of cattle on feed supplies remaining steady even as cash cattle prices moved higher. Bernt Nelson, an economist for the American Farm Bureau Federation, says the Cattle on Feed report is a good indicator of what’s coming in the market.
Nelson says that despite higher cattle supplies, overall market conditions mean that cash prices aren’t necessarily going down.
Nelson says that these continually high retail prices could eventually lead to consumers shifting demand away from cattle to other protein options like chicken and pork.
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