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Saturday, May 10, 2014

Rains drive young cattle price percentiles higher in April

By Augusto Semmelroth  |  Source: MLA's NLRS

Eastern states young cattle markets rebounded strongly in April on the back of average to above average rainfall. Victorian young cattle markets finished April around their 80-85th percentile while in NSW they ranged between their 65th and 90th percentile. In Queensland, young cattle markets also posted a strong recovery in April, but only enough to see young cattle prices reaching their 30-45th percentiles.

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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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