
Rabobank says New Zealand farmgate beef prices could rise over the coming months because of favourable export conditions and tight domestic supply. Chinese demand is strong while US imports of beef are priced above last year.
Exports to China rose sharply from May to July while exports to the US fell.
Stronger Chinese demand and tight NZ supply support export beef values and cattle prices, while weaker US import demand limits upside until November.
After 288 past trade events, LCATTLE 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, FCATTLE 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.