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Foot-and-mouth disease outbreaks in Limpopo, South Africa, have risen to 14. Government has kept its ban on livestock auctions in place, which the Red Meat Producers' Organisation says halts normal price discovery.
The RPO estimates the export impact at about R10 billion per year.
Halting auctions prevents normal cattle price formation and weighs on producer returns. Export restrictions also reduce demand for South African beef.
freightnews.co.zaJoy OrlekJan 17, 2020After 356 past disease events, LCATTLE 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, FCATTLE 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.
