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The US Cattlemen's Association opposes reopening Brazil's fresh beef exports to the US, citing a 2017 USDA audit that found Brazilian beef product failed several food safety categories. The group raised the issue ahead of a Bolsonaro and Trump meeting on market access.
If Brazilian fresh beef access reopens, added import supply could weigh modestly on US beef prices, though the outcome is uncertain and opposed by US producers.
tsln.comDr. Brooke MillerMar 19, 2019After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% 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.
