By Angus Brown | Source: ABS, MLA, NLRS
Meat & Livestock Australia’s (MLA’s) cattle projections update last week pointed to increased slaughter for 2015, and lower slaughter thereafter. The pertinent question, now, is how will this impact prices? We can’t just take supply into account with cattle prices, as the global nature of cattle markets has a large bearing on cattle prices. However, we can model how Australian cattle prices relate to international benchmarks.
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