In the final week of 2017 we're reviewing the top five Beef Producer stories from this past year. If you missed them, here's your chance to read them.
If you read them and liked them previously, here's your chance to read them again.
The No. 4 post, by popularity was a story early in the year on Jan. 6 that predicted cattle pricing for the coming year. It was titled, " Here's another 2017 cattle pricing prediction."
Analysts for Societe Generale, a French multinational banking and financial services company headquartered in Paris, at that time predicted fed cattle could range in average price from $1.10 to $1.14 per pound.
Analysts projected these quarterly average prices for fed cattle:
- Q1 2017 -- $1.14 per pound
- Q2 2017 -- $1.11 per pound
- Q3 2017 -- $1.10 per pound
- Q4 2017 -- $1.12 per pound
In retrospect, beef demand seemed to be stronger than these and others predicted and USDA data shows better prices through November. (The December report was not available when we published.)
The average cash price January through November was $121.
There were the monthly averages, rounded to the nearest dollar:
The story from January 2017 is at this link.