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Meat and Livestock Australia says US demand for Australian chilled grassfed beef is growing, and US import prices are tracking close to last year's levels. The USDA cattle inventory shows the US herd at 94.4 million head, up 0.7% and the smallest increase since 2015.
A slowing US herd rebuild supports beef import demand and prices, while higher odds of La Niña could push producers to sell cows sooner, adding near-term supply.
northqueenslandregister.com.auShan GoodwinFeb 23, 2018After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% 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.
