Australia's seasonally adjusted trade surplus for September came in at A$2.83 billion, well above the A$940 million economists expected. The result was driven by a 34.7% fall in non-monetary gold imports, while rural exports rose 3.6% with meat exports up 11.3%.
A stronger surplus supports the Aussie and reflects firm meat export volumes, which can tighten supply for livestock-linked feed markets; the effect on grain prices is limited.
Not enough comparable past events yet for a historical read.
After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% 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.