
Heavy steers for Vietnam are being loaded at Townsville at over $4/kg liveweight, a record level, as tight supply and strong demand ahead of Tet push prices higher. Exporters are paying unprecedented prices, with cattle sourced from as far as NSW, and 2020 exports to Vietnam reached a six-year high of 297,721 head.
Strong export demand and tight supply are lifting live cattle values in northern Australia, supporting cattle prices and tightening feeder supply.
After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% over 20.
After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% 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.