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Indonesia has confirmed more than 1,200 foot-and-mouth disease cases in four East Java provinces, its first FMD reports since 1986. Indonesia is preparing an emergency declaration, and Australia's cattle industry fears a large outbreak could cost billions.
An FMD outbreak next to Australia could close export markets and cut cattle demand, with feed-buyer implications if Australian herds or trade are hit.
abc.net.auStephanie Sinclair, Arlie Felton-TaylorMay 6, 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.
