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Oklahoma State extension economist Derrell Peel reports US beef exports hit a record pace, up 8.1% in November and 18.5% year to date through November. China/Hong Kong is the fastest-growing market, up 110% year to date, while beef imports were mixed.
Strong export demand, especially from China, supports wholesale beef and cattle values, which underpins cattle prices and feeding margins.
tscra.orgLisa BryantJan 10, 2022After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% over 20.
After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% 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.
