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Indonesia's agriculture ministry says private importers and a local government are negotiating to bring in up to 400,000 head of cattle from Mexico. The country already imports about 700,000 head, mostly from Australia.
Additional cattle imports could ease Indonesian beef prices, with limited direct effect on global feed demand but some impact on Australian live export volumes.
en.antaranews.comNov 23, 2016After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% 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.
