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Indonesian feeder cattle imports stayed strong through July 2019, with demand firm and the indicator price steady at Rp40,000 per kg. Supplies of Indian buffalo beef are very low, pushing low-end buyers back to Australian and New Zealand product.
Robust Indonesian feeder demand supports Australian live cattle export prices. Short supply of cheaper frozen alternatives could keep demand for Australian beef firm.
beefcentral.comGuest AuthorAug 14, 2019After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% 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.
