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Oklahoma State extension's Cow-Calf Corner reports U.S. beef imports rose 1.5% year over year in April but fell 7.0% for January to April. USDA-based projections point to a 10-13% drop in 2021 imports, below the 2015-2019 average.
The newsletter also covers fly pressure on cattle and medicated feeds.
Lower beef imports tighten U.S. beef supply, which supports cattle prices and the demand outlook for feed.
tscra.orgKristin HawkinsJun 21, 2021After 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.
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.
