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A Namibian commentary says the drought reduced the national cattle herd to about 60% of normal, turning the country from net exporter to a constrained producer. It calls for revival of the redmeat sector.
A drought-reduced herd limits exportable beef and live cattle from Namibia, a small influence on global supply but relevant to regional southern African cattle trade.
economist.com.naGuest ContributorJul 1, 2020After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% 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.
