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USDA data show US beef imports from Australia are projected up 64% in 2024, Brazil up 50%, and Uruguay up 57%, mainly frozen lean grinding beef. Industry analysts link the increase to a depleted US cow herd and high carcass weights.
Heavier lean beef imports compete with US cull cow values, which weighs on cattle prices and reflects strong import demand from burger supply chains.
tsln.comCarrie StadheimSep 27, 2024After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 87 past bearish trade events, Feeder Cattle moved a median +0.4% over 5 sessions (54% higher; middle half -3.2% to +1.9%), and +1.1% 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.
