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Cameroon closed parts of its northern border with Nigeria after Boko Haram attacks on ranchers. Cattle prices at the Bogo market have fallen to as low as $250 per head as Nigerian buyers stopped coming.
Ranchers are shifting trade to southern cities.
The closure disrupts regional livestock trade and depresses local cattle prices, but has little direct effect on global feed or commodity markets.
reliefweb.intDec 13, 2017After 14 past geopolitics events, Live Cattle moved a median -0.5% over 5 sessions (21% higher; middle half -1.3% to -0.0%), and +0.2% over 20.
After 14 past geopolitics events, Feeder Cattle moved a median +0.1% over 5 sessions (57% higher; middle half -1.0% to +2.8%), 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.
