Daily BriefsThematic (Sector/Industry)

Daily Brief Thematic (Sector/Industry): Understanding the cattle cycle and more

In today’s briefing:

  • Understanding the cattle cycle, why US beef prices are at record highs and the role of Australia …
  • Semi WFE Revenues Increase ~7% YoY In 2024. 2025 Looks Much The Same. So, Where’s The AI Effect?
  • Ohayo Japan | Japan GDP Surprises
  • [Blue Lotus China New Consumer Weekly, 7/52] Xi’s Meeting with Ma Closed the Anti-Monopoly Chapter


Understanding the cattle cycle, why US beef prices are at record highs and the role of Australia …

By Commodities Focus

  • The cattle cycle is a long-term cyclical fluctuation in cattle inventory driven by economic signals
  • Important metrics to consider include availability of female animals, profitability in feeding and cow-calf sectors
  • Brazil and Australia are the main suppliers of beef to the US, with a large portion of imports being lean trim beef

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


Semi WFE Revenues Increase ~7% YoY In 2024. 2025 Looks Much The Same. So, Where’s The AI Effect?

By William Keating

  • Q424 revenues for the top 5 WFE players amounted to $28.7 billion, up 10% QoQ and up 21.7% YoY and an all time record high quarterly revenue for the segment
  • For the full year 2024, revenues amounted to $99.74 billion, up 7% sequentially, and slightly exceeding our forecasted 5% growth.
  • WFE growth in 2025 will be similar to 2024, with slowing China spending coupled with historic over capacity across the industry countering anticipated AI & technology transition related increases 

Ohayo Japan | Japan GDP Surprises

By Mark Chadwick

  • US market closed for Presidents’ Day; The Stoxx Europe 600 index rose 0.5%
  • European defense stocks soared Monday, with BAE Systems, Thales, and Rheinmetall jumping over 7%, driven by NATO allies’ plans to boost defense budgets
  • Japan’s economy grew 2.8% annually (0.7% QoQ) in the October-December period, exceeding forecasts, driven by external demand

[Blue Lotus China New Consumer Weekly, 7/52] Xi’s Meeting with Ma Closed the Anti-Monopoly Chapter

By Eric Wen

  • Many has cheered or felt relieved over Xi’s weekend meeting with the top Chinese business community. We see a closer relationship between the state apparatus and private enterprises going forward;
  • January 2025 saw improvement in social financing, with meaningful recovery in corporate financing. Recovery for BOSS might be forthcoming;
  • BYD dropped the bombshell in populating autonomous driving service (ADS) in sub-Rmb100K vehicles. We view it as another DeepSeek moment. The biggest loser is Tesla. Fast ADS rollout supports AGI.

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