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US fed cattle prices have kept strengthening in 2017, averaging 20% above the Australian heavy steer indicator and pulling away from South American prices. Part of the rise reflects seasonal grilling demand and speculation about trade disruption with Mexico and NAFTA.
A widening US price premium draws imports and export competition in Japan, Korea and other markets, and speculative trade risk could add volatility to US cattle prices.
mla.com.auMay 2, 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.
