{"id":160476,"date":"2019-11-25T10:45:44","date_gmt":"2019-11-25T15:45:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=160476"},"modified":"2019-11-25T06:58:22","modified_gmt":"2019-11-25T11:58:22","slug":"cattle-analysis-beef-production-increased-in-the-us","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/11\/cattle-analysis-beef-production-increased-in-the-us\/","title":{"rendered":"CATTLE Analysis: Beef production increased in the US"},"content":{"rendered":"
November 25, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Beef production increased in the US<\/strong><\/p>\n

US Department of Agriculture (USDA) announced an increase in beef production in October 2019. Will LCATTLE quotations <\/a> fall?<\/p>\n

US beef production increased by 11% in October compared to September 2019 and by 1% compared to October 2018. The USDA forecasts a 2.2% further growth in 2020 compared to the current year. Currently, it is difficult to say whether China will increase US beef purchases, as trade negotiations between the two countries are quite difficult. China demanded that the US authorities stop interfering in Hong Kong’s political crisis. Meanwhile, China is actively purchasing beef worldwide. In particular, China increased its imports from Brazil in January-October 2019 by 23.6% compared to the same period in 2018. The monthly \u201cCattle on Feed\u201d report by the USDA will be released late Friday night. According to forecasts, the number of cattle in feedlots in October 2019 will increase by 11.4% compared to October 2018.<\/p>\n

\"LCATTLE\"<\/p>\n

On the daily timeframe, LCATTLE: D1<\/b> has left the uptrend. A number of technical analysis indicators formed sell signals. A decrease in quotations is possible in case of an increase in the number of cattle in the US and problems in US-China trade negotiations.<\/p>\n