# US 90CL indicator reaches record high in A$ | Meat & Livestock Australia

> 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.

- Date: 2019-11-14 · published 2019-11-14T12:00:00.000Z
- Category: market · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/55999-us-90cl-indicator-reaches-record-high-in-a-meat-and-livestock-australia
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bearish ▼
- LCATTLE: bullish ▲

## Sources

- mla.com.au: https://www.mla.com.au/prices-markets/market-news/2019/us-90cl-indicator-reaches-record-high-in-a$/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.