China is short of supply and has been pulling live cattle from everywhere around the globe including through the rest of Asia (including a lot through illegal grey channels).
The rest of Asia is now even shorter than usual and are reaching out to Australia (and South America).
I bet a lot of stock that WLD sells to Vietnam already finds it way to China.
I don't care where WLD makes its margin. (As long as it makes a decent one...)
WLD Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
