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ABARES reports the value of Australian farm production fell to about $58 billion in 2018-19, driven by eastern drought and a decline in live animal exports. Floods in Queensland could further reduce live cattle export volumes.
Lower Australian livestock exports and reduced grain output shift demand toward other suppliers, supporting prices for competing exports while cutting local feed availability.
abc.net.auKath SullivanMar 4, 2019After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
Not enough comparable past events yet for a historical read.
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.
