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FxWirePro Commodities Watch (Meats)
Historically speaking, a rise in commodity prices has triggered a vicious chain reaction. First, the prices of commodities go up, which in turn triggers a rise in inflation, which again has historically triggered selloffs in bonds, which has not been good for equities sometimes. In a world, where central banks have provided unprecedented stimulus, the rise in inflation is the biggest possible threat.
2016 can easily be called as the year of the commodities. They were the best performing asset class. 2017 was good too, but in 2018, the whole commodity sectors is struggling amid tariffs and a slowdown in the Chinese economy.
The ‘Meat’ pack has been the worst performer of the year in 2016, and in 2017 they were relatively brighter. 2019 is proving to be a good one.
In this article, we evaluate the performance of the meats and products, which are consumed in large parts of the world.
The pack was down 1.9 percent in 2018.
The pack is up 10.8 percent in 2019. The pack is up 1.6 percent since our last review, a month ago.