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Tuesday, December 02, 2014

Diving dollar adds to upward cattle price potential

By Tim McRae  |  Source: RBA, MLA’s NLRS

The recent decline in the A$, to under 85USȼ (figure 1), has added additional upside potential for Australian cattle prices heading towards 2015. With almost all industry pundits expecting cattle prices to kick significantly once drought-easing rains are experienced, the continued depreciation of the A$ will help to enable the finished product to remain price competitive in overseas markets.

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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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