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Oklahoma State economist Derrell Peel says Russia-Ukraine war impacts on beef have so far been limited to futures reacting and lower cash cattle prices. Neither country is a significant beef trader, but China's response could matter greatly for global beef markets.
Indirect effects via energy, feed and China demand could shift beef and cattle prices, though direct beef trade exposure is minimal.
hpj.comLacey VilhauerMar 11, 2022After 14 past geopolitics events, Live Cattle moved a median -0.5% over 5 sessions (21% higher; middle half -1.3% to -0.0%), and +0.2% over 20.
After 14 past geopolitics events, Feeder Cattle moved a median +0.1% over 5 sessions (57% higher; middle half -1.0% to +2.8%), 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.
