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Australia is rebuilding its beef herd after a two-year drought in 2018 and 2019, and cattle prices have reached record levels on strong restocker demand. FAS forecasts lower Australian slaughter, exports and production in 2021, while Ukraine's cattle inventory and beef output are expected to decline.
Tighter Australian beef and cattle supplies in 2021 should keep global beef and feeder prices firm, and Ukraine's expected decline adds to the tightening.
tridge.comVictor LangatSep 11, 2020Not enough comparable past events yet for a historical read.
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.
