Turkey's government is increasing cattle imports to bring down high domestic beef prices. Turkey imported 460,000 head last year and is projected to import 700,000 this year and next.
Most of the added volume comes from South America and Europe rather than Australia.
Higher Turkish import demand absorbs South American and European cattle supply, but the effect on US feed and cattle prices is limited. The story mainly shifts Australian export flows.
After 288 past trade events, Live Cattle moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.1%), and +1.0% over 20.
After 171 past trade events, Feeder Cattle moved a median +0.3% over 5 sessions (55% higher; middle half -1.3% to +1.8%), and +1.2% 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.