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Australia's northern cattle export trade has slowed since August, with shipments to Indonesia and Vietnam falling to below half of normal levels. Lack of supply, high cattle prices and COVID-19 disruptions, especially Delta variant spread, are cited as causes.
Several export vessels are now working on runs elsewhere.
Weaker live cattle exports to Southeast Asia reduce demand for Australian cattle, with limited direct effect on U.S. feed or grain prices.
beefcentral.comJames NasonOct 11, 2021After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% 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.
