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Beef councils in Oklahoma, Texas and Kansas published an 86-page report by Derrell Peel and Glynn Tonsor estimating that cutting US beef trade could cost the agricultural economy more than $120 billion. The report was commissioned amid political debate involving R-CALF and other industry groups over curbing beef trade.
Political pressure to curtail beef imports and exports could affect cattle demand and price if it advances into policy. The report itself is an economic analysis and does not change trade rules, so near-term price impact is modest.
journalrecord.comChip MintyNov 23, 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.
After 14 past neutral trade events, Feeder Cattle moved a median +0.1% over 5 sessions (50% higher; middle half -1.0% to +1.3%), and +1.2% 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.
