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Rabobank's 2017 food commodity outlook expects record US meat production to test consumer demand and exports to face headwinds from China trade tensions. For seafood, the bank forecasts global salmon production to grow about 4% after a sharp supply contraction, and it sees lower fishmeal prices.
Lower expected fishmeal prices reduce feed costs for aquaculture and livestock rations, while US meat oversupply and China trade risk could pressure livestock and feed grain demand.
seafoodnews.comDec 9, 2016Not enough comparable past events yet for a historical read.
After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
Not enough comparable past events yet for a historical read.
After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% 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.
