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The Guardian explains what a foot-and-mouth disease outbreak would mean for Australia, where farms are widely spaced and beef is the largest agricultural export with 70% sold overseas. Analysts say an outbreak could halt exports and push more meat and milk onto the domestic market.
An Australian FMD case would shut export markets, lowering export beef and live cattle prices while raising domestic supply, a risk worth watching for global beef and cattle pricing.
theguardian.comGabrielle ChanAug 4, 2022After 69 past neutral disease events, Live Cattle moved a median -0.1% over 5 sessions (42% higher; middle half -0.8% to +0.6%), and +0.9% over 20.
After 22 past neutral disease events, Milk (Class III) moved a median -0.1% over 5 sessions (41% higher; middle half -1.4% to +0.5%), and +0.2% 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.
