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Australian grain groups warned that a foot-and-mouth disease outbreak in Indonesia, just north of Australia, could hurt domestic grain demand if it cut livestock and meat exports. Grain Growers said east coast producers rely heavily on the domestic feed market.
A disease-driven cut in Australian livestock numbers would reduce feed grain demand from the domestic market, a bearish risk for feed grains, though no outbreak in Australia has occurred yet.
farmonline.com.auGregor HeardMay 20, 2022Not enough comparable past events yet for a historical read.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 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.
