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India's buffalo meat exports are plunging as China cracks down on grey-channel imports following African Swine Fever in pork. Average prices for the lower-quality meat fell from a peak of US$3.18 per kilogram in July 2018 to US$2.99 by year-end.
Falling carabeef prices reduce the global low-end beef price floor, with limited direct impact on Australian exports since the product competes mainly in markets where Australia lacks access. Feed and grain demand effects are minimal.
farmonline.com.auShan GoodwinFeb 7, 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.
