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A Southeast Asia cattle report says overweight October Indonesian imports keep pushing slaughter cattle prices lower, with a February indicator at Rp39,000. Philippine cattle prices are rising sharply, and Northern Territory feeder prices fell as the wet season failed.
Regional cattle price moves reflect local supply imbalances and have little direct effect on US feed or livestock futures.
beefcentral.comGuest AuthorMar 13, 2019Not enough comparable past events yet for a historical read.
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.
