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South Africa banned cloven-hoofed animal auctions nationwide after 11 properties tested positive for foot-and-mouth disease since November, all linked to auctioned cattle. The ban creates cash flow pressure for producers.
Beefmaster Group said it will continue to buy cattle that meet animal health conditions.
Reduced cattle marketing through auctions can lower live supply and may lift red meat prices from December onward. The disease also threatens South Africa's FMD-free export status.
proagri.co.zaSpecialist WriterDec 6, 2019After 69 past neutral disease events, Live Cattle moved a median -0.1% over 5 sessions (42% higher; middle half -0.8% to +0.6%), and +0.9% 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.
