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The US 90CL imported lean beef indicator reached a record high of 840 A cents/kg, driven by tight supply and strong global demand. A weaker Australian dollar near 68 US cents added further support to export returns.
Record US lean beef import prices pull Australian cow prices higher, especially with cow slaughter elevated, so cattle feeders should expect firmer cow and feeder values if seasons improve.
mla.com.auNov 14, 2019Not enough comparable past events yet for a historical read.
Not 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.
