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Beef Central's SE Asia report says live cattle export volumes to Asia remain high despite COVID-19. Indonesian slaughter steer prices rose slightly around Qurban, though Qurban slaughter numbers were about 40% lower.
The report also notes that a stronger Australian dollar and rising feeder prices are making trade harder.
Steady Asian import demand supports Australian live cattle exports, but a firmer Aussie dollar and higher feeder prices squeeze importer margins. That limits how far export prices can rise.
beefcentral.comGuest AuthorAug 7, 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.
