# Free trade deals affect independent producers across the globe | TSLN.com

> Australian heavy steer prices have fallen about 22 to 24% from their October 2022 peak as Australian supply expands. US heavy steer prices overtook Australian prices in November 2022, creating a gap of about US$0.48/kg. Australian beef exports are running at record lows due to drought and labour shortages.

- Date: 2023-04-28 · published 2023-04-28T12:00:00.000Z
- Category: trade · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36351-free-trade-deals-affect-independent-producers-across-the-globe-tsln-com
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

The price gap and tight Australian export supply favour US beef demand and support US cattle prices. Imports under the quota system could rise if the gap persists.

## Read by commodity

- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-01-15 | [China deal to open flood gates for US ag trade \| 2020-01-15  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55159-china-deal-to-open-flood-gates-for-us-ag-trade-2020-01-15-agri-pulse.md) | -0.4% | -4.5% |
| LCATTLE | 2021-08-09 | [Cow-Calf Corner: Beef and cattle trade rebounds from the pandemic; bull management after the breeding season; making your ranch drought proof - Texas & Southwestern Cattle Raisers Association](https://feedsoft.ai/events/45515-cow-calf-corner-beef-and-cattle-trade-rebounds-from-the-pandemic-bull.md) | +0.8% | +2.4% |
| LCATTLE | 2018-05-21 | [Trade truce with China could boost US beef, soybeans and other agriculture products](https://feedsoft.ai/events/64915-trade-truce-with-china-could-boost-us-beef-soybeans-and-other-agriculture.md) | -1.8% | -0.1% |
| LCATTLE | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | +2.6% | +7.4% |
| LCATTLE | 2026-01-23 | [Australian beef exporters adapt as China caps imports, shifts global trade flows](https://feedsoft.ai/events/21185-australian-beef-exporters-adapt-as-china-caps-imports-shifts-global-trade-flows.md) | +1.1% | +6.1% |

## Sources

- tsln.com: https://www.tsln.com/news/free-trade-deals-affect-independent-producers-across-the-globe/

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