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Live cattle shipments from Darwin recovered after a slow September and October caused by Indonesian permit issues and weaker Vietnamese orders. Most Indonesian importers have agreed to a new rule requiring one breeding animal for every five feeder cattle imported.
Indonesian import rules constrain feeder cattle demand from Australia, and the breeding-animal requirement adds cost to importers, which can support or limit feeder cattle prices.
beefcentral.comJames NasonNov 9, 2016After 28 past neutral policy events, Feeder Cattle moved a median +0.2% over 5 sessions (61% higher; middle half -0.6% to +0.8%), and +0.8% 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.
