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The Meat Board of Namibia found that erecting a fence on the Namibia-Angola border was too expensive as a way to market beef north of the veterinary cordon fence. The board will focus on commodity-based trade in the short term and consider a new FMD-free zone in the long term.
The decision keeps northern Namibian beef confined to limited markets, which has no meaningful effect on global feed or commodity prices.
namibiansun.comCindy Van WykApr 26, 2021After 166 past policy events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.9% to +1.2%), and +1.3% over 20.
After 79 past policy events, Feeder Cattle moved a median +0.3% over 5 sessions (56% higher; middle half -1.0% to +1.2%), and +0.8% 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.
