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China and the Philippines suspended imports of Canadian beef after Canada detected an atypical BSE case in an 8.5-year-old cow in Alberta in December. South Korea had already suspended imports the previous month.
Canadian cattle industry officials expect the suspensions to be short and said there has been no noticeable price impact yet.
Losing export access to China, Canada's third-largest beef market, shifts Canadian beef supply toward domestic buyers and can pressure Canadian cattle prices, while US beef may gain some export opportunity.
calgaryherald.comReutersJan 11, 2022After 46 past bearish disease events, FCATTLE moved a median +0.3% over 5 sessions (54% higher; middle half -2.3% to +1.6%), and +1.8% over 20.
After 69 past neutral disease events, LCATTLE 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.
