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NCBA's Kent Bacus and Dan Halstrom closed a Stockmanship and Stewardship virtual event on Nov. 1 with a keynote on international trade policy.
Bacus described trade as complicated and noted the US finishes about 95% of its beef on grain, which sets it apart from grass-fed producers like India, Brazil, China and the EU.
Trade access for US beef shapes export demand for higher-value cuts and therefore cattle values. This keynote is general commentary with no new policy action, so the direct price impact is limited.
hpj.comKylene ScottNov 11, 2022After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% 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.
