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An Australian agricultural commodities report forecasts beef and veal gross value to fall 9% to $14.6 billion in 2022-23. Lower cattle prices and reduced live exports are expected as restocking graziers pay less, with Indonesian FMD uncertainty weighing on demand.
Lower Australian cattle prices and weaker Indonesian feedlot demand point to softer global beef and feeder cattle values in the coming year.
search.informit.orgContributors: Jonathan WongSep 1, 2022After 144 past bearish report events, LCATTLE moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 126 past bearish report events, FCATTLE moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% 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.
