Despite widespread rain across the southern half of the state over the weekend, and more light showers forecast in coming days for the south-east, Queensland cattle over-the-hook indicators remained steady for most descriptions. (more…)
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US imported beef prices hold firm
US imported beef prices maintained their upward trajectory this week, as a result of limited offerings from overseas suppliers and tight availability of spot supplies in the US. (more…)
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US imported beef prices change direction
US imported beef prices altered course this week, following an extended period of decline. The turnaround was a result of increased US end user activity, combined with limited spot availability. (more…)
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Global cattle prices converge
A sharp decline in US fed cattle prices has seen global cattle prices converge to their narrowest point since September 2011 – on an A$ currency adjusted basis. The range between that of the highest (US) and lowest (Brazil) reported cattle indicators is now less than 1A$ dollar (0.94A¢), the equivalent of 49%. (more…)
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