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Meat & Livestock Australia reports U.S. beef prices rising while slaughter stays at historically high levels, with female slaughter at 53% year to date versus 51% in 2022. The U.S. herd shrank 3% to 89.3 million head in January and a herd rebuild is likely within 18 months.
Expected cuts in U.S. beef supply support higher U.S. cattle prices and increase import demand, which lifts prices for Australian cattle and beef.
mla.com.auFeb 23, 2023Not 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.
