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Vietnam's livestock product exports reached 19.8 million USD in August 2023, up 41.6% month on month. Live bovine and meat exports were key items, with Hong Kong and ASEAN as the largest markets.
Imports were led by frozen bovine meat and live cattle.
Vietnam's modest trade flows are small relative to global beef and feed markets, so the impact on commodity prices is limited.
asiabeef.networkOct 16, 2023After 630 past report events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.9% to +1.1%), and +1.1% over 20.
After 413 past report events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.9% 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.
