
R-CALF USA says US imports of cattle and beef reached a record of nearly 2 million metric tons in 2020, based on USDA trade data. The group also notes that fed cattle averaged about $1.09 per pound, the lowest in a decade, while retail beef prices hit a record average.
Record beef imports add supply to the US market and pressure domestic cattle prices, though strong retail prices suggest demand remains firm.
After 121 past bearish trade events, LCATTLE 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, FCATTLE 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.