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Indonesia imported about 75,000 feeder cattle in August, a large and unexpected volume that followed 78,000 in July and over 60,000 in both May and June. Slaughter cattle prices firmed slightly ahead of the Qurban festival.
Importers are stocking up before Northern Australian supplies tighten.
Heavy Indonesian feeder demand supports Australian feeder cattle prices, especially as Northern Australian supplies run short, though past oversupply shows the risk of a later glut.
beefcentral.comGuest AuthorSep 17, 2019After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% 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.
