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A US Meat Export Federation economist says US beef market access has improved compared with a year ago, following the US-Japan trade agreement and the Phase One deal with China. China accepted US hormone residue limits and the traceability system, though beta-agonist testing and labeling remain barriers.
Improved access to Japan and China supports US beef export demand, which can tighten domestic US supply and support cattle prices.
wylr.netDec 24, 2020After 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.
