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R-CALF USA's board voted unanimously to urge President Trump to impose tariffs on cattle, beef, sheep and lamb imports from countries with large trade surpluses with the US. LMIC director James Robb said the case is more complicated and must be assessed country by country.
A proposed tariff on livestock and meat imports would tighten US supply and support domestic cattle and lamb prices, but the call is a lobbying request without a policy decision.
thefencepost.comRachel GabelMar 9, 2018After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% over 20.
After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% 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.
