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The Oklahoma State Extension newsletter restates that US beef exports fell 14.9% year to date through October while imports rose 7.9%. It notes that declining cattle numbers have pushed up wholesale and retail beef prices.
Lower exports and higher imports reflect tight US cattle supply that supports cattle prices, though the data is a recap of existing trends.
extension.okstate.eduDec 11, 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.
