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Australian industry groups are concerned about rising disease risk after Indonesia opened its market to frozen buffalo meat from India, where foot and mouth disease is prevalent. Indonesia also accepted Brazilian beef from FMD-free-with-vaccination states.
The federal government has called emergency meetings on preventing African swine fever from entering Australia.
Any outbreak of ASF or FMD in Australia would disrupt the domestic pig and cattle sectors, while ongoing Asian pork losses keep global pork demand and hog prices supported.
beefcentral.comJames NasonSep 9, 2019After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), 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.
