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Indonesia's government is importing extra Indian buffalo meat, including 100,000 tons approved for 2018, to offset a domestic beef shortfall and reduce reliance on Australian beef. Retail buffalo prices are near locally slaughtered beef prices because of supply chain mark-ups.
Substituting cheaper buffalo imports for Australian beef reduces demand for Australian cattle and beef exports, which weighs on live cattle prices.
asiatimes.comJohn McBethApr 20, 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.
