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Australia's Chief Veterinary Officer says biosecurity measures are continuing to guard against lumpy skin disease, which is present and spreading in the region. The disease can cause serious production losses and trade restrictions if it reaches Australia.
A lumpy skin disease incursion in Australia would hit cattle supply and live animal and hide trade, though no current outbreak is reported in Australia. The risk is a background factor for cattle and beef markets.
beefcentral.comBeef CentralFeb 25, 2022After 69 past neutral disease events, Live Cattle moved a median -0.1% over 5 sessions (42% higher; middle half -0.8% to +0.6%), and +0.9% 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.
