Article
When Will The Cattle Cycle Turn? BofA Has Answers For Beef Lovers
When Will The Cattle Cycle Turn? BofA Has Answers For Beef Lovers
Bank of America analysts spoke with Oklahoma State University agricultural economist Derrell Peel, who offered new insight into the US cattle cycle. His key takeaway: the herd-rebuilding phase may not meaningfully begin to turn until near the end of the decade, suggesting elevated beef prices at the supermarket are here to stay.
The most important issue in the beef industry is when the cattle cycle will turn. The US beef cow herd is the smallest since 1961, while...
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The Bloomberg Agriculture Spot Index (BCOMAGSP) climbed to a three-year high Wednesday as widening conflict across critical energy and grain trade corridors, from the Black Sea to the Strait of Hormuz and the southern Red Sea, collided with scorching heat waves across Europe and the US and mounting El NiƱo risks in critical agri growing belts, reviving the threat of global food inflation.
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