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Slaughter cattle prices to Indonesia have risen above AUD 4.00 per kg, the highest since May 2017. Despite large cattle imports through July and August, demand is still not fully met.
The Indonesia-Australia trade agreement (IA-CEPA) has been concluded but not yet signed, and Indonesia has raised concerns over Australia's embassy location in Israel.
Firm Indonesian demand supports Australian cattle prices and export volumes, though the unsigned trade deal adds some uncertainty to that outlook.
dailyliberal.com.auBill TattOct 21, 2018After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% 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.
