Where’s The Beef?

I think Cattle prices have reached an interim high.

CME prices are currently US$1.38 per pound.

Whether you’re a farmer, producer, investor, processor or speculator, I would either lock in forward prices or take the money and run (all the way until the cows come home…..)

The fat part of the trade has been had. The chart below shows the Cattle price rising 64% over the past 18 months.

My medium-term downside price target is $1.10.

That could also mean selling your shares in the world’s largest meatpacker, JBS. Its price chart showing its stellar performance is also attached.

Does this make shares in plant based, meat substitute company, Beyond Meat (BYND) attractive?

November 25, 2021
by Rob Zdravevski
rob@karriasset.com.au

#cattle #beef