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An Australian analyst outlines 2019 beef price risks, including drought in southern Queensland, New South Wales and Victoria and record floods in northern Queensland. He expects global beef prices to rise about 4% in 2019 on Asian demand and possible African Swine Fever-driven protein shortages in China.
Drought and flooding in Australia constrain cattle supply and raise feed costs for producers, while ASF in China could lift global beef demand. Together these point to firmer Australian cattle prices and higher feed purchases.
beefcentral.comGuest AuthorFeb 13, 2019After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 12 past bullish weather events, Lean Hogs moved a median +1.5% over 5 sessions (58% higher; middle half -1.6% to +7.1%), and -3.9% 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.
