Expected record-large U.S. beef production in 2019 and again in 2020 is expected to “burden” the supply chain to move addition­al volume this year, cattle mark­et experts said last week at the national cattle industry convention in New Orleans.

As cattle production grows this year with limited packing capacity, CattleFax analyst Kevin Good said he expects tighter margins in the third and fourth quarters in 2019.

“The first half of the year and the second half could look pretty different from a...