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Brazil has gained access to supply beef to Indonesia, the world's eighth largest beef export market. Meat & Livestock Australia expects the entry to add competitive pressure on Australian exporters, which shipped A$1.12 billion of beef and cattle to Indonesia in 2018-19.
Increased Brazilian competition in Indonesia may limit Australian export prices over time, though growing Indonesian demand should absorb supply from both countries. Live cattle and beef price impact is modest in the near term.
beefcentral.comBeef CentralAug 22, 2019After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% 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.
