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Rabobank says global beef production is beginning to shift downward while cattle prices move at different speeds across regions. North American markets are nearing record highs, and the US is increasing import volumes while Asian import demand stays flat.
Rabobank is monitoring H5N1 in dairy cattle and foot-and-mouth disease risks, and Brazil has declared itself FMD-free without vaccination.
Tightening North American beef supply and record prices support cattle values, while disease risks and Brazil's FMD status could reshape global beef trade flows and prices.
beefmagazine.comAnn HessJun 13, 2024After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.
Not enough comparable past events yet for a historical read.
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.
