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Wednesday, May 06, 2015

Still upside potential for beef and cattle prices

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

A few weeks ago we outlined the very strong relationship between Australian cattle slaughter and the spread between the 90CL Frozen Cow export price and the Eastern Young Cattle Indicator (EYCI). Meat & Livestock Australia (MLA) slaughter projections give us one part of the EYCI price equation, but the 90CL export price is a traded commodity, and the price can change quickly. Here, we will try and put a finger on where the 90CL is headed, as another piece of the cattle pricing puzzle.

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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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