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MLA reports that several major importers have relaxed BSE and foot-and-mouth disease restrictions, opening markets to Brazilian beef, US beef and other suppliers. The changes are eroding the disease-free premium Australia previously enjoyed in premium markets.
More competition in premium beef markets pressures Australian export prices and could shift demand toward other suppliers, which is modestly bearish for cattle prices.
beefcentral.comJon CondonMar 14, 2017After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% 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.
