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Beef Magazine examines whether mandatory country-of-origin labeling (MCOOL) raised US and Canadian feeder cattle prices during the boom years. It reviews regression data on meat demand and cattle prices.
The piece follows renewed lobbying to include MCOOL in the USMCA trade agreement.
If MCOOL is revived in USMCA it could alter feeder cattle trade and price relationships between the US and Canada, though the analysis suggests COOL did not drive the price-consumption relationship.
beefmagazine.comNevil SpeerSep 24, 2019After 28 past neutral policy events, Feeder Cattle moved a median +0.2% over 5 sessions (61% higher; middle half -0.6% to +0.8%), and +0.8% over 20.
After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
