Beef Price (Global) in 2015
Beef Price (Global) opened 2015 at 232.02 and closed at 167.11, a -27.98% move for the year. The high of 232.02 was reached on January 1, and the low of 167.11 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 232.02 | 232.02 | 232.02 | 232.02 | +0.00% |
| Feb | 209.88 | 209.88 | 209.88 | 209.88 | +0.00% |
| Mar | 207.8 | 207.8 | 207.8 | 207.8 | +0.00% |
| Apr | 214.43 | 214.43 | 214.43 | 214.43 | +0.00% |
| May | 199.21 | 199.21 | 199.21 | 199.21 | +0.00% |
| Jun | 195.05 | 195.05 | 195.05 | 195.05 | +0.00% |
| Jul | 204.41 | 204.41 | 204.41 | 204.41 | +0.00% |
| Aug | 212 | 212 | 212 | 212 | +0.00% |
| Sep | 202.41 | 202.41 | 202.41 | 202.41 | +0.00% |
| Oct | 184.55 | 184.55 | 184.55 | 184.55 | +0.00% |
| Nov | 177.07 | 177.07 | 177.07 | 177.07 | +0.00% |
| Dec | 167.11 | 167.11 | 167.11 | 167.11 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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