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Rabobank's Beef Quarterly sees firm global beef demand and prices for the rest of 2017 despite upheavals in trade. Key factors include China's decision to allow U.S. beef imports after 13 years, political problems in Brazil's beef trade, India's cattle slaughter ban, and below-average Australian and New Zealand production.
Chinese access for U.S. beef adds export demand for U.S. cattle and beef, though the ramp-up will be gradual, and the other disruptions support global beef prices.
farmersweekly.co.nzAllan BarberJul 2, 2017After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% over 20.
After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% 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.
