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Technical Analysis #C-FCATTLE : 2016-02-23

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Droughts may harm cattle inventory Marketing company Meat & Livestock Australia forecasts the cattle inventory in Australia to contract to 26.2mln heads till June 30 and to 25.9mln heads till 2017. In such a case the cattle inventory is to fall by 3.4mln heads, or by 12%, since 2013 to the lowest in 24 years. Will the beef rise in price? Besides Australia, another growth factor for beef may be the monthly USDA report released on Friday. The January placements in US feedlots fell 1% to 1779

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