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Turkey's ministry has announced that live imports of weanling cattle will resume in the coming weeks after being halted since November. Turkish importers will also have to pay for licences.
Imports had been suspended to stabilise domestic beef prices.
Resumed Turkish live cattle imports add modest demand for weanlings from Ireland and South America, though transport and quarantine costs limit competitiveness.
agriland.ieNiall ClaffeyJun 29, 2020After 288 past trade events, Live Cattle moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.1%), and +1.0% over 20.
After 171 past trade events, Feeder Cattle moved a median +0.3% over 5 sessions (55% higher; middle half -1.3% to +1.8%), and +1.2% 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.
