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Ag Proud's roundup cites a recent trade report on the value of US beef imports and exports to the beef industry. It also references USDA's Livestock and Poultry World Markets report on Mexican cattle and an analysis of continued US cattle contraction.
The items are commentary on trade value and herd contraction with no new policy or supply event. The herd-shrinkage theme is mildly supportive for cattle prices but adds no fresh driver.
agproud.comTyrell MarchantNov 1, 2022Not 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.
