Loading…
US domestic 50CL fat trimmings rose to an all-time high of $1.79/lb in May, driven by lighter US steer carcass weights. Demand for imported New Zealand lean beef held steady despite the price spike.
Lower US cattle weights reduce beef supply and fat availability, tightening the cattle complex, though the story focuses on beef trim rather than feed grain prices.
farmersweekly.co.nzLocal Democracy ReportingJun 11, 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.
