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Indonesian slaughter steer prices rose to Rp48,000 per kg live in February, and Australian cattle prices continue to set record highs. Import volumes into Indonesia and Vietnam fell sharply, and Indonesia is set to import 80,000 tonnes of Indian buffalo meat for Ramadan and Lebaran.
Lower Southeast Asian beef import demand weighs on Australian export prices, while Bulog's planned buffalo meat purchases affect regional beef supply ahead of the festive season.
beefcentral.comGuest AuthorMar 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.
