USDA tightens 2023 beef supply, adds to pork. July 12, 2022

Futures added on to yesterday's positive gains. Live cattle futures are priced as though the summer low is in. USDA suggests 2023 beef offered to the US consumer will fall to levels last seen 2014 - 2016. Feeder futures, especially with lower trade today, posted a second day of big gains. Feeders are confirming that long term bottom and suggesting strength into 2023.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.