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Australian agricultural exports were worth A$50.1 billion in 2019/20, the second-highest year on record, though down A$601.4 million year over year. China accounted for 30.3% of export value, and China overtook Japan as the top market for Australian beef.
Tariffs on Australian barley are noted as a risk.
Strong export values and rising Chinese beef demand support Australian livestock and grain prices, while Chinese tariffs on barley are a downside risk for that trade.
farmonline.com.auSep 2, 2020After 630 past report events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.9% to +1.1%), and +1.1% over 20.
After 413 past report events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.9% 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.
