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Beef exports fell 31% year over year in May and 33% in June, then rebounded sharply in July but remained 8% lower than last year. Exports to China rose 125.9% in July, while Mexico fell to fourth-largest market.
Weekly data suggests recovery continued in August.
A continued export recovery supports demand for U.S. beef and cattle, though volumes remain below last year's levels and the rebound is still incomplete.
tscra.orgWritten by: kristinSep 14, 2020After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% 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.
