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Australia remains free of lumpy skin disease, but Indonesia has demanded costly nose, mouth and blood tests on every cow from three export ports. The industry says the tests are unfeasible, effectively blocking cattle imports from those ports.
Indonesia's de facto import block reduces Australian cattle export demand, leaving more supply domestically and pressuring Australian cattle prices.
theguardian.comAston BrownSep 4, 2023After 70 past bearish disease events, Live Cattle moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.0%), and +0.4% 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.
