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Japanese beef has regained access to the Australian market for the first time in 17 years, and the United States is nearing regulatory approval to regain access after a similar gap. The article describes the domestic debate over biosecurity risk versus maintaining two-way market access.
Australia relies on exports for about 70% of its beef.
Renewed import access adds supply competition in Australian beef and reflects a trade reopening that could affect Australian cattle prices.
beefcentral.comJames NasonDec 19, 2018After 121 past bearish trade events, LCATTLE moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% 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.
