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Friday, October 31, 2014

Cows may face more headwinds until the new year

By Augusto Semmelroth  |  Source: MLA's NLRS, ABS

While the wait for improved seasonal conditions continues, supply pressure has intensifie to see finished cattle markets nosediving in recent weeks. Cows were among the worst performing category in October, with the national cow indicator plunging more than 12% since the start of the month. Will they find support in the short-term or should further downside be expected?

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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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