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An American Farm Bureau analysis describes cattle trade flows among the U.S., Canada and Mexico under NAFTA. It notes the U.S. herd of 94 million head at the start of 2017 and how trade lets processors ship variety meats and cuts to preferred markets.
Cross-border cattle and beef trade supports feedlot and packer utilization and carcass values, so changes to NAFTA terms would affect cattle prices.
fb.orgJul 21, 2017After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% 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.
