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Brazil reported a case of atypical BSE in a 17-year-old cow and immediately suspended beef exports to China. China is the largest beef importer, and about 39% of Brazil's first-quarter beef exports likely went to China and Hong Kong.
Losing a major Chinese outlet for Brazilian beef could divert supply to other markets and weigh on Brazilian beef prices, though analysts expect limited direct impact on US cattle prices.
beefmagazine.comBurt RutherfordJun 5, 2019After 148 past bullish disease events, Live Cattle moved a median +0.4% over 5 sessions (62% higher; middle half -0.5% to +1.2%), and +1.4% 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.
