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Trade barriers linked to foot-and-mouth disease and BSE have largely eased across Asia, increasing competition for Australian beef. US beef shipments to China have ramped up, reaching 31,300 tonnes year-to-date.
Greater competition in Asian beef markets could erode Australian export demand, which may weigh on Australian cattle prices if domestic supply stays tight.
beefcentral.comBeef CentralDec 8, 2020After 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.
