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Almost 60,000 cattle were exported from Australia in May, the largest monthly volume of 2022 so far. Shipments to Indonesia are expected to fall in coming months after a foot-and-mouth disease outbreak there suppressed demand.
Lower Indonesian feeder demand weakens Australian live cattle export volumes and pressures feeder prices, though analysts expect demand to recover once vaccines are available.
beefcentral.comJames NasonJun 17, 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.
After 46 past bearish disease events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -2.3% to +1.6%), and +1.8% 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.
