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A Turkish central bank blog examines why red meat prices are high in Turkey. It cites rising beef demand and cattle feed costs that pressure production, and compares Turkish feed costs with grain production and prices.
Rising feed costs for cattle fattening in Turkey push up beef production costs and support demand for imported feed grains and meals.
tcmb.gov.trHüseyin SongülMar 1, 2018After 18 past neutral macro events, Live Cattle moved a median +0.1% over 5 sessions (61% higher; middle half -1.0% to +1.6%), and +1.0% over 20.
After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), 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.
