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Livestock farmers in Ha Tinh province, Vietnam, report that live cattle prices have fallen sharply since late 2021. Officials link the drop to a large influx of imported cattle, and some farmers have cut their herds by half.
The local herd has shrunk from about 180,000 head in 2019 to about 168,000.
Cheap imported cattle depress domestic prices and discourage herd expansion, which keeps Vietnamese beef demand for feed supplied by imports. The story is local and has little direct effect on global feed prices.
van.nongnghiepmoitruong.vnAuthors: Thanh NgaAug 8, 2023After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% 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.
