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South Africa faces a challenging 2019 for beef cattle farmers after dry conditions delayed maize and soybean plantings and raised grain prices. Foot-and-mouth disease was also confirmed in cattle in Limpopo's Vhembe District, threatening the country's disease-free status.
Higher maize and soybean prices raise feed costs for South African livestock producers, while FMD restrictions reduce red meat export demand and may lower local meat prices.
bizcommunity.comWandile SihloboJan 15, 2019After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.
