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Imported 90CL grinding beef remains tight in the US despite elevated slaughter in Australia and New Zealand. Chinese demand for meat protein is growing, and cattle on feed on March 1 were 0.7% above year-ago levels.
Strong competition for imported lean beef supports US beef values, while ample front-end cattle supply is expected to keep live cattle prices in check.
mla.com.auMar 26, 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.
