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Botswana closed its border with South Africa during the COVID-19 emergency, cutting off producers' most lucrative export market. Demand for premium cuts is also falling as tourism and social events shut down.
Lost export outlets and weaker premium beef demand push Botswana cattle prices lower and add to regional beef oversupply. The effect on global feed and grain markets is minimal.
farmersweekly.co.zaAnnelie ColemanApr 3, 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.
