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U.S. beef stocks in February fell 8.3% from January to 460.3 million pounds, below both last year and the five-year average. Analysts say this suggests beef demand is keeping pace with rising production, and Australia's 90CL import benchmark has held near 600 cents per kilogram.
Lower beef stocks and firm import prices suggest solid end-user demand that supports cattle values despite higher U.S. beef output.
farmonline.com.auShan GoodwinApr 2, 2018Not 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.
