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Agriculture Victoria extended a temporary 100 km bluetongue virus zone around Echuca for 30 days to December 13, 2017, while confirmatory testing of 2,500 cattle samples is completed. Some preliminary results were not negative, so laboratory confirmation is still needed.
Bluetongue restrictions on cattle movement in northern Victoria may slow local livestock trade, though the effect on global feed or commodity prices is small.
beefcentral.comBeef CentralNov 2, 2017After 356 past disease events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -0.8% to +1.1%), and +1.1% over 20.
After 266 past disease events, Feeder Cattle moved a median +0.5% over 5 sessions (59% higher; middle half -1.1% to +1.7%), and +1.7% 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.
