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Live cattle export prices from Australia's Darwin to Indonesia have fallen to about $2.60 a kilogram, down from a $5.50 peak in 2022. Indonesia is buying more boxed beef from Australia, and some cattle are being rejected for skin blemishes.
Indonesia shifting toward boxed beef imports reduces live cattle demand from northern Australia, pressuring Australian cattle prices and export volumes.
abc.net.auMatt BrannOct 16, 2023After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
