Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 23, 2013 09:06:28

Dwindling supplies of beef sent

ColosseumAlready last week, there are information about the suspension of certain meat processing plants due to lack of cattle in the U.S.. A novelty is the report, according to which Japan allowed the import of U.S. beef cattle up to 30 months old. Previously, he was allowed to import meat from cattle 20 months old only. This further increases pressure on already scarce supplies. Japan was the largest importer of U.S. beef before 2003, when a full-blown mad cow disease. Then followed a two-year ban on imports. Now they are slowly removed import restrictions. April cattle (live cattle) yesterday on the CME gained 0.5% to 130.475 cents per pound weight.

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