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Beef Central's Southeast Asia report says Covid-19 is disrupting markets across Asia. Indonesian slaughter steer prices eased in June amid weak demand under a new strict lockdown, while Northern Australian cattle prices stayed high.
Weak Indonesian demand from lockdowns could reduce import appetite for Australian cattle, but high northern Australian prices suggest tight supply. The net effect on cattle prices is mixed.
beefcentral.comGuest AuthorJul 14, 2021After 18 past neutral macro events, Live Cattle moved a median +0.1% over 5 sessions (61% higher; middle half -1.0% to +1.6%), and +1.0% 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.
