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Tuesday, September 26, 2017

Grainfed cattle not so cheap in international sense

By Angus Brown  |  Source: CME, MLA, ACA

Last week Matt took a look at the long term relationship between Queensland cattle prices and US Live Cattle futures. The annual correlation is pretty strong, and while the short term relationship between US prices, and Australian values are not as robust, prices always revert to the long term spreads. Does that mean we are looking for upside or downside?

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