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The first sea shipment of slaughter cattle sourced exclusively from Western Australia left Fremantle for China. The cattle supply a new quarantine feedlot and abattoir in Jiangsu Province with a licensed capacity of 100,000 head a year.
It is the fourth cattle shipment to China under the emerging slaughter trade.
Growing live cattle exports to China add a new outlet for Australian supply but are small relative to global beef and feed markets. The story has little direct price impact on US feed or cattle.
beefcentral.comJames NasonDec 5, 2017After 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.
