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Tuesday, December 09, 2014

It’s raining, so the cattle market wheel has turned – EYCI of 450¢/kg cwt. is our tip!

By Angus Brown  |  Source: MLA's NLRS, Steiner, BOM

It seems that after 12 months of rainfall conforming to the odds, in December it looks like Queensland and Northern NSW are going to jag the 35% chance of better than median rainfall, with most of the areas needing 25-100mm to reach the median, and forecasts suggesting this is on the way. So what does this mean for supply and price?

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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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