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Quality Meat Scotland reports Scottish prime cattle prices start 2019 4% lower than a year earlier, with Irish prices 6% lower and wider European beef down about 3% in euro terms. Australian prices are 10% higher on the year after drought-driven slaughter volumes, and US prices are unchanged.
Lower European prices and firm Australian prices shape export competition and global beef supply balance, with little direct immediate effect on US feed demand.
meatmanagement.com2019-01-14T00Jan 14, 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.
