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Rabobank says global protein markets are supply driven, with large beef, pork and poultry supplies likely to pressure prices. It notes that lower 2017 breakeven costs and a recent futures rally create hedging opportunities, and that US beef exports to China could resume in 2017.
Large meat supplies reduce demand for livestock and reduce the pull for feed. Possible resumption of US beef exports to China would offer some future support for cattle prices.
brownfieldagnews.comMeghan GrebnerDec 20, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
