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The US Beef Checkoff explains that the US imports beef, mainly lean trim from Australia and New Zealand, to meet domestic demand. Importers pay a $1-per-head equivalent fee that added about $7.4 million a year to the checkoff budget for FY2015-2017.
Lean trim is in short supply as US cow slaughter has declined.
Persistent lean trim shortages support import demand and underpin the price of imported lean beef relative to domestic fed-cattle supply.
beefboard.orgswansonrussellDec 6, 2018After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% 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.
