Loading…
Analyst Angus Brown reports CME live cattle futures have given back their 30 percent rally from the 2018 lows over the last two months, as feedlot inventories rose and trade uncertainty weighed. Australian grain-fed prices have edged ahead of US prices while US feeder futures have fallen.
Rising US feedlot inventories and trade uncertainty are weighing on cattle values, and rising corn prices may push feeder prices lower still. Cross-border price spreads affect Australian beef export demand.
farmonline.com.auAngus BrownJun 22, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
