# Why cattle markets haven’t made new record highs

> Year-to-date through August, US beef imports rose about 21%, while beef exports fell about 3.6% with weaker demand from China and Korea. A strong US dollar and rising Australian supply are also cited as reasons cattle markets have not set new record highs.

- Date: 2024-10-16 · published 2024-10-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27810-why-cattle-markets-haven-t-made-new-record-highs
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Heavier imports and a strong dollar cap US beef export demand and add supply, which limits upside in live cattle prices.

## Read by commodity

- LCATTLE: neutral

## Sources

- beefmagazine.com: https://www.beefmagazine.com/market-news/why-cattle-markets-haven-t-made-new-record-highs

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.