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Rabobank's Q3 2018 Beef Quarterly says US beef prices are holding up despite rising domestic beef and total protein supplies. It flags trade policy uncertainty, US drought and saturated demand as risks to prices in the second half of 2018.
Rising beef supplies and weaker export prospects point to pressure on cattle prices in the second half of the year.
foodnavigator.comAidan FortuneSep 3, 2018After 144 past bearish report events, LCATTLE moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 126 past bearish report events, FCATTLE moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% 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.
