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Tuesday, March 17, 2020

Black swan beating US Cattle

By Angus Brown  |  Source: MLA, CME, Mecardo

Unlike here in Australia, there is no real shortage of cattle in the US. The US cattle finishing system is also almost exclusively grain-fed, and as such, there is limited ability to hold cattle in the face of lower prices. US cattle futures, and therefore the cattle market, has followed equities sharply lower, as appetite for risk has disappeared. Impacts are yet to be seen here, but we’re about to hit the ceiling.

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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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