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Live cattle trade volumes in Southeast Asia remain strong despite COVID-19 disruption, with Indonesian slaughter steer prices steady near Rp40,000 per kg. Australian feeder and slaughter supplies are down and prices up, while Brazilian frozen beef faces import restrictions.
Tight Australian cattle supply and firm Asian demand support export cattle values, while import curbs on Brazilian beef could shift global beef flows.
beefcentral.comGuest AuthorJul 10, 2020After 78 past bullish trade events, LCATTLE 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.
