Agricultural markets will be impacted by world population growth, economic growth and the expanding middle class, African Swine Fever and the development of alternative proteins.
The new year brings with it several changes in ongoing market dynamics, some new opportunities, and some new risks and continuing challenges for cattle and beef markets.
"Economic and political order has become disorder," Dan Basse, president of AgResource told attendees at the recent Feeding Quality Forum during his keynote address.
Cattle markets finding strong fundamental reasons to remain positive despite the threat of disruption from trade negotiations.
Increased slaughter of cows and heifers in 2019 means fewer feeder cattle in 2020, leading analysts to project an uptick in prices for all classes in 2020.
In the late 1800s and early 1900s a disease termed cattle fever caused enormous economic losses to the cattle industry.
Beef cow slaughter in 2019 will be the highest relative to the overall cow herd since 2013, and suggests tighter supplies in 2020 and higher overall prices.
Seasonal beef production increases are expected in the latter half of the year.