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China has said it will not accept cattle from a northern Victoria and southern NSW zone that was lifted in December, until it completes its own audit. Industry groups have prompted a national review of the National Arbovirus Monitoring Program after the temporary bluetongue zone disrupted breeder cattle exports.
Restricted access to China for Australian breeder cattle reduces export demand and may add supply pressure in Australia's domestic cattle market.
beefcentral.comJames NasonMar 1, 2018After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 87 past bearish trade events, Feeder Cattle moved a median +0.4% over 5 sessions (54% higher; middle half -3.2% to +1.9%), and +1.1% 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.
