Loading…
New Zealand imported beef prices for the US market reached record highs, with the 95CL bull indicator rising about 60% in a year to above US$3/lb. Chinese buying, partly to replace lost pork output, has pushed New Zealand beef exports into China higher.
Record imported beef values and strong Chinese demand tighten global beef supplies, supporting cattle and beef prices in exporting countries and encouraging farmers to hold back stock.
farmersweekly.co.nzHugh StringlemanNov 21, 2019Not 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.
