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A Texas rancher said the first shipment of Namibian beef arrived in the US on April 26 while USDA was asking producers to prepare to euthanize harvest-ready cattle. He framed the imports as a threat to domestic herds.
Rising imports combined with possible herd depopulation would add supply to beef markets and pressure domestic cattle prices. The claims are one rancher's assertions and have not been confirmed by USDA.
texasgopvote.comApr 29, 2020After 70 past bearish disease events, Live Cattle moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.0%), and +0.4% 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.
