
South Africa could lose up to $140m in 2020 in beef exports as regional countries restrict imports because of a foot-and-mouth disease outbreak first reported in 2019. The disease has also spread to the wool sector, and the drought is worsening conditions for farmers.
Export bans reduce demand for South African cattle and push domestic beef prices down. Ongoing restrictions also limit trade flows of animal products.
After 356 past disease events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -0.8% to +1.1%), and +1.1% over 20.
After 266 past disease events, Feeder Cattle moved a median +0.5% over 5 sessions (59% higher; middle half -1.1% to +1.7%), and +1.7% 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.