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Meat & Livestock Australia explains foot-and-mouth disease and lumpy skin disease, noting Australia remains free of both. Both diseases were detected in Indonesia, with FMD found in Bali on July 5 and LSD in Indonesia since March.
Disease detections close to Australia raise the risk of an outbreak that would disrupt Australian livestock exports and shift global beef and dairy trade flows, supporting prices for competing exporters.
mla.com.auJul 28, 2022After 148 past bullish disease events, Live Cattle moved a median +0.4% over 5 sessions (62% higher; middle half -0.5% to +1.2%), and +1.4% over 20.
After 22 past bullish disease events, Milk (Class III) moved a median -0.0% over 5 sessions (45% higher; middle half -0.9% to +0.5%), and -2.8% over 20.
Not enough comparable past events yet for a historical read.
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.
