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A joint Indonesia Australian Red Meat and Cattle Partnership report says pandemic impacts on live cattle trade to Indonesia will be more acutely felt this year, with tight Australian cattle supply driving high prices. The report flags both positive drivers such as regulatory streamlining and negative drivers such as reduced consumer spending and competition from India, Mexico and Brazil.
Tight Australian supply and rising costs for live exports to Indonesia point to firm feeder cattle prices, while weaker Indonesian demand could limit upside.
farmonline.com.auShan GoodwinMay 12, 2021After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% 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.
