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US beef export data for November showed monthly exports up 13.2% year over year, although the year-to-date total was still down 3.7%. Japan remains the largest market, and Mexico regained third place after a 48.7% monthly increase.
Stabilizing export demand supports domestic beef values. Market share shifts among Japan, South Korea and Mexico affect the outlook for cattle prices.
tscra.orgWritten by: kristinJan 11, 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.
