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ABARES modelling estimates a multi-state foot-and-mouth disease outbreak in Australia would cost about $80 billion. Officials warned that FMD and lumpy skin disease, both spreading in Indonesia, threaten Australia's beef and sheepmeat sectors.
The risk of an incursion creates downside risk for Australian cattle and sheep prices and could disrupt export markets if an outbreak occurs.
farmonline.com.auShan GoodwinJun 9, 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.
