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US beef exports are down 14.9% year to date through October, while beef imports are up 7.9%. Declining cattle numbers have lifted wholesale and retail beef prices, and a strong dollar is weighing on exports.
Reduced US beef exports keep more product domestically, supporting cattle prices, while rising imports partly offset supply tightness and add competition for domestic beef.
angus.orgDec 1, 2023After 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.
