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Australia's chief veterinary officer Mark Schipp is travelling to Indonesia as an urgent lumpy skin disease vaccine rollout begins in Riau Province. Indonesia is using movement restrictions and vaccinations to contain the outbreak, which Australian officials describe as the most serious threat to its cattle herd in decades.
Australian live cattle and dairy export markets are at risk if the disease spreads, while containment efforts in Indonesia may limit near-term demand disruption.
abc.net.auMatt Brann, Daniel FitzgeraldMar 23, 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 10 past bearish disease events, Milk (Class III) moved a median +0.1% over 5 sessions (60% higher; middle half -0.5% to +0.7%), and +2.2% 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.
