
Persistent drought in Queensland is forcing farmers to send more breeding females to slaughter, and the national herd has fallen to about 25 million head, a level not seen since the 1990s. Industry leaders expect cattle and beef prices to rise once the drought breaks, and the Bureau of Meteorology sees no improvement until March.
Liquidation of breeding stock shrinks future calf supply, which supports higher cattle prices in coming years. Near-term beef supply is also tighter, which is bullish for live cattle.
Setelah 80 peristiwa cuaca bullish sebelumnya, Sapi Hidup bergerak median +0,1% selama 5 sesi (54% lebih tinggi; separuh tengah -0,8% sampai +1,3%), dan +0,7% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.