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Beef sales in Meghalaya, India have dropped sharply as cattle smuggling to Bangladesh has reduced local supply and raised beef prices. Butchers say around 450 head leave the state daily, and they criticize the state government for not curbing it.
This is a small, localized supply disruption in northeast India with negligible effect on global feed grain, meal or cattle price benchmarks.
theshillongtimes.comOur ReporterSep 3, 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.
