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Farm Online reports Australia's live cattle exports have stalled as Indonesian feedlots cancel orders to avoid buying animals at risk of foot-and-mouth disease. Live cattle exports are running 55% under the five-year average, with June shipments to Indonesia at just 25,730 head.
Halted live cattle shipments to Indonesia push Australian cattle prices lower and add supply to domestic markets, weakening the outlook for imported beef and feed demand.
farmonline.com.auJamieson Murphy, Shan GoodwinAug 1, 2022After 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.
