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Prime Minister Scott Morrison, speaking at Beef Week 2021 in Rockhampton, detailed a biosecurity upgrade package for farming and grazing industries. The package includes $34.6 million for pest research, $19.5 million for pre-border screening trials and $96.8 million for an offshore treatment assurance program.
Enhanced biosecurity protects Australia's $53 billion in agricultural exports and reduces the risk of disease shocks to livestock supply, a modest supportive factor for cattle prices.
industryqld.com.auMay 4, 2021After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
