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Government biosecurity experts warn that a detection of lumpy skin disease in northern Australia would likely lead to state borders closing to cattle movements. Thousands of head move daily between NSW and Queensland and between the Northern Territory and South Australia, so closures would disrupt trade.
A domestic outbreak would halt live cattle movements and exports of hides, milk and boxed beef, pressuring Australian cattle prices while lifting uncertainty premiums in the market.
farmonline.com.auShan GoodwinMar 29, 2022After 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.
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.
