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Farmers Weekly NZ reports weaker asking prices for red meat in key markets as global restaurant demand for higher-value cuts stays soft. US import data show rising volumes of cheaper manufacturing beef from Central and South America, with Brazil and Argentina gaining access.
Central American beef enters the US tariff-free.
Cheaper South American and Central American lean beef competes with New Zealand and Australian exports into the US. This pressures prices for lower-value cuts that NZ exporters rely on.
farmersweekly.co.nzRichard RennieAug 9, 2020After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% 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.
