Beef and Soybeans

Their prices have moved together.

Beef (commodity) and Soybeans (commodity): 1 relationship.

How they are linked

1. Price link: feed cost

Cost and price · Weak · Both ways

Soybean meal is a protein supplement for cattle, though less important than for pigs and chickens. Beef shows little link with soybeans: monthly moves correlate at 0.07 and yearly moves at 0.18.

• 0.07 monthly change correlation
• 0.18 12-month change correlation
• 0.45 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.