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Botswana has opened its borders to live cattle exports with immediate effect until 31 March 2020, with 30% of its national herd earmarked for export. The South African Red Meat Producers' Organisation has criticised the move and warned of lower local prices.
Botswana is also increasing exports of stored beef to South Africa.
A flood of Botswana cattle and beef into South Africa adds supply to a market already under drought pressure, which tends to push local cattle prices lower.
farmersweekly.co.zaAnnelie ColemanSep 16, 2019After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% 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.
