Loading…
USDA ERS reports that US beef imports from Brazil hit a record in early 2022, with January imports near 100 million pounds, up more than 500% year over year. Fresh beef from Brazil became eligible for import in February 2020, and high US beef prices and Australian drought have pulled supply toward Brazil.
Heavier processing-grade beef imports add supply to the US lean-trim market, which can cap domestic cow and lean beef prices. Tariff rate quota limits could eventually restrict further inflows.
ers.usda.govApr 8, 2022After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 87 past bearish trade events, Feeder Cattle moved a median +0.4% over 5 sessions (54% higher; middle half -3.2% to +1.9%), and +1.1% 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.
