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Thursday, January 29, 2015

Cattle markets yet to show their full potential

By Augusto Semmelroth  |  Source: ABS, MLA, Steiner

Despite the 20% rally in store and finished cattle prices to record levels this month, we still believe cattle markets remain fundamentally under-priced. This article will have a second look at Meat & Livestock Australia’s (MLA’s) supply projections, current discounts to international beef prices and, lastly, the potential upside for domestic markets under the projected supply and demand scenario for 2015.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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