Loading…
USDA's Foreign Agricultural Service published a report reviewing the tariff-rate quotas that govern US beef imports, which mostly consist of lean trimmings. Imports accounted for about 10 percent of US beef supply in 2021 and typically rise when the domestic cattle herd contracts.
A review of TRQ allocations could eventually change the flow of lean trimmings into the US, affecting lean beef supply and cattle-related prices, though no change has been made yet.
fas.usda.govDec 1, 2022After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% over 20.
After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), and +0.5% 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.
