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Rick Worthington Livestock Supply and Demand
by Rick Worthington, click here for bio

Program: Farm and Ranch Report
Date: January 09, 2018

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Livestock producers are heading into 2018 with both increasing production and demand.

However, exports are critical to keep that trend moving. Mike Zuzolo of Global Commodity Analytics says for beef producers, the path of least resistance for market prices is lower

"Watch for a polling ahead of Supply in terms of the Southern Plains in the central plains weather we could have one of the worst drought set up going in the springtime and that means we absolutely have to hold on too strong beef exports in order just the same price level"

Meanwhile, the North American Free Trade Agreement is a wildcard for the market.

"And feeders and live cattle that we bring in from Canada and Mexico I could make a very bullish price rally type scenario if Matt would go away when it comes to the cat on the beach because we would have a really tight Supply and it could really affect our retail markets so that's one thing that is wild card if I'm wrong about now"

The Department of Agriculture for 2018 is predicting for red meat, poultry, eggs, and milk, mostly year-over-year production increases with lower prices.

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