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Thursday, August 16, 2018

Dry drives cattle into feedlots.

By Angus Brown  |  Source: MLA, ALFA & Mecardo

The latest figures from Meat and Livestock Australia (MLA) and the Australian Lot Feeders Association (ALFA) show the numbers of cattle on feed are at new record highs. The figures to the end of June were a little before the latest boom in grain prices, with the main driver seemingly a lack of grass, rather than strong feeding margins.

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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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