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A USDA FAS report projects Egypt's calf crop rising from 1.85 million head in 2017 to 1.93 million in 2018. Egypt's cattle population is estimated at around 9 million.
Beef prices have risen to about EGP 150 per kilogram, and the FAS expects a stronger pound to ease prices and lift imports.
Expected Egyptian beef import growth could modestly support global beef demand. The effect on feed and commodity prices is limited.
dailynewsegypt.comMohamed SamirDec 17, 2017After 630 past report events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.9% to +1.1%), and +1.1% over 20.
After 413 past report events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.9% 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.
