# Floods, drought, trade wars - trying to understand risk in a sea of uncertainty - Beef Central

> An Australian analyst outlines 2019 beef price risks, including drought in southern Queensland, New South Wales and Victoria and record floods in northern Queensland. He expects global beef prices to rise about 4% in 2019 on Asian demand and possible African Swine Fever-driven protein shortages in China.

- Date: 2019-02-13 · published 2019-02-13T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/60546-floods-drought-trade-wars-trying-to-understand-risk-in-a-sea-of-uncertainty
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Drought and flooding in Australia constrain cattle supply and raise feed costs for producers, while ASF in China could lift global beef demand. Together these point to firmer Australian cattle prices and higher feed purchases.

## Read by commodity

- CORN: bullish ▲
- HOGS: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-08-01 | [Maximizing Profits Under Drought Conditions, Higher Input Costs, and National Herd Liquidation \| UNL Beef \| Nebraska](https://feedsoft.ai/events/39970-maximizing-profits-under-drought-conditions-higher-input-costs-and-national.md) | +0.1% | +3.6% |
| LCATTLE | 2024-11-11 | [Return of US drought delays cattle-herd rebuilding, hurting Tyson Foods](https://feedsoft.ai/events/27539-return-of-us-drought-delays-cattle-herd-rebuilding-hurting-tyson-foods.md) | -1.1% | +1.4% |
| LCATTLE | 2021-09-03 | [Insight: Drought forces North American ranchers to sell off their future \| Reuters](https://feedsoft.ai/events/45006-insight-drought-forces-north-american-ranchers-to-sell-off-their-future-reuters.md) | -1.0% | -3.0% |
| LCATTLE | 2018-02-12 | [Drought relief expected to help grain and cattle outlook - High Plains Journal](https://feedsoft.ai/events/66423-drought-relief-expected-to-help-grain-and-cattle-outlook-high-plains-journal.md) | +1.5% | -1.0% |
| LCATTLE | 2021-08-13 | [How this summer's drought could have you paying high beef prices again next year \| CBC News](https://feedsoft.ai/events/45514-how-this-summer-s-drought-could-have-you-paying-high-beef-prices-again-next.md) | -0.1% | +1.0% |
| CORN | 2023-06-22 | [Central US drought intensifies, threatening grains and soy \| Reuters](https://feedsoft.ai/events/9769-central-us-drought-intensifies-threatening-grains-and-soy-reuters.md) | -8.7% | -14.9% |
| CORN | 2022-05-03 | [Drought in Brazil adds to corn conundrum - Grain Central](https://feedsoft.ai/events/13721-drought-in-brazil-adds-to-corn-conundrum-grain-central.md) | +3.6% | +3.0% |
| CORN | 2024-10-22 | [Drought opens “rain hunting” in Central-West](https://feedsoft.ai/events/13539-drought-opens-rain-hunting-in-central-west.md) | -0.0% | +2.2% |

## Sources

- beefcentral.com: https://www.beefcentral.com/news/floods-drought-trade-wars-trying-to-understand-risk-in-a-sea-of-uncertainty/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.