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Cash cattle trade has slowed since January, but slaughter cows and bulls rose $2 to $5 while bigger calves fell $2 to $3. Phase one of the US-China trade deal is signed, but the size of the China beef tariff cut is unclear, and Chinese markets are closed due to the coronavirus.
A shrinking US herd supports cattle prices, but uncertainty over China beef tariffs and the coronavirus-related demand disruption limits upside.
site.extension.uga.eduFeb 3, 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.
After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% 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.
