China's imports of protein have risen since African Swine Fever hit its herd last year. Global beef prices have risen less than expected, with Chinese import prices for beef up only 2% year on year.
Chinese demand is supporting export volumes, but rising global beef supply has capped price gains, so the net price effect on feed-linked cattle markets is limited.
After 288 past trade events, Live Cattle moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.1%), and +1.0% over 20.
After 171 past trade events, Feeder Cattle moved a median +0.3% over 5 sessions (55% higher; middle half -1.3% to +1.8%), and +1.2% 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.