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Meat and Livestock Australia says African swine fever has removed a large share of China's pork supply, creating an estimated 20 to 25 million tonne protein deficit in 2020. It expects the shortfall to support Australian beef exports for longer than the current pork disruption.
A large Chinese protein deficit raises demand for beef imports and supports Australian cattle prices. Pork shortfalls also lift demand for substitute proteins, including poultry.
beefcentral.comJames NasonMar 12, 2020After 148 past bullish disease events, Live Cattle moved a median +0.4% over 5 sessions (62% higher; middle half -0.5% to +1.2%), and +1.4% over 20.
Not enough comparable past events yet for a historical read.
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.
