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Australian beef exports to the US are under pressure as the US herd rebuilds and US production rises. US beef is also gaining access to China, and tariffs on US frozen beef into Japan are rising.
Analysts expect more competition for Australian exporters.
A larger US herd points to more domestic beef supply and softer cattle prices over time. Feed demand from expanding herds could support grain and meal use, but the story is mainly a trade outlook.
theland.com.auShan GoodwinDec 4, 2017Not 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.
