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An Iowa State research piece says trade agreements matter heavily for US beef and pork exports. It notes the US withdrawal from the TPP dampened beef export growth, while USDA projects 2017 beef exports up 6 percent and pork exports up 5 percent, with strong China pork buying.
Projected export growth supports domestic beef and pork demand, although loss of TPP access is a negative for future export expansion.
card.iastate.eduLee Schulz, Chad E. HartJan 1, 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 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% 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.
