By Matt Dalgleish | Source: MLA, NLRS, ACA
In November 2016 we released a piece on long term cattle price correlations between Queensland Medium Steers and US Live Cattle futures based off our annual average prices going back to 1953. However, it is arguable that price correlations are better measured when comparing the change between time periods rather than comparing the nominal price levels. This analysis takes another look at the correlations using year on year changes to see if the relationship is as strong as the price correlation suggests.
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