Platts assessed imported 90CL lean beef trimmings CIF US at $7,981/mt for the week to January 16, up 2% on the prior period. Strong Chinese demand for Australian and New Zealand beef ahead of a safeguard quota pushed prices up, while US cow and bull slaughter fell 2.8% year on year.
Tighter US cow slaughter and firm import demand support beef trim values, which tends to firm cull cow and cattle prices. Chinese buying ahead of quotas adds upward pressure in the near term.
After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% over 20.
After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.