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Meat Futures Focused on Asia Market Crisis

4 Sep 2015

• 4 Sep 11:27

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At this point, livestock futures are focused on the broader macro markets and threats of a brewing financial crisis in Asia, write analysts Steve Meyer and Len Steiner. For some, the recent events are reminiscent of 1997, which led to a broad recession in a number of Asian markets. For livestock futures this is significant as Asia in recent years has emerged as a major buyer of meat products from North America, Oceania and South America. In this context, cattle and hog markets are trying to price the impact of a dramatic slowdown in Asian demand, not just for US products but also products from other markets. Already Russia, a major global meat protein. Read more...