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ABARES forecasts Australian cattle prices will fall 8 percent in 2018-19 as the herd expands for a third year to 27.8 million head. Chilled beef export prices are expected to fall 4 percent on weaker Japanese demand, while frozen beef prices are forecast to rise 3 percent on tighter US cattle supplies.
A larger Australian herd and stronger US frozen beef demand shift global beef trade flows, with more Australian beef competing in markets that US product supplies.
beefcentral.comBeef CentralJun 18, 2018After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% 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.
