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...