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An industry commentary says the northern Australia to Indonesia live cattle trade is at risk. Indonesia's domestic herd has stagnated, and foot-and-mouth and lumpy skin disease have been introduced.
The author expects the national herd to enter an accelerated decline.
Reduced Indonesian demand for Australian feeder cattle would weaken Australian cattle prices. It has little direct effect on U.S. or feed markets.
beefcentral.comGuest AuthorOct 31, 2022After 356 past disease events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -0.8% to +1.1%), and +1.1% over 20.
After 266 past disease events, Feeder Cattle moved a median +0.5% over 5 sessions (59% higher; middle half -1.1% to +1.7%), and +1.7% 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.
