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Wednesday, June 01, 2016

90CL frozen cow seasonality forecast

By Matt Dalgleish  |  Source: MLA, Steiner, ACA

The 90 percent chemical lean (90CL) frozen cow indicator is used by Mecardo as its key beef export price and given the reasonably strong correlation between 90CL movements and the direction of the Eastern Young Cattle Indicator (EYCI) it is a key input used in our forecast modelling. Recent revisions to our EYCI predictions used a 90CL forecast based off US cattle futures prices but what do seasonal patterns in percentage price gains indicate about the likely direction for the 90CL in the coming few months?

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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