By Angus Brown | Source: USDA, NASS, MLA
While many producers battle drought in Australia and the herd is likely to slip into decline once again, in the US, beef production continues to ramp up. The strong prices of recent times has seen growth in the calf crop and a very strong cattle on feed inventory. Here we look at how this is impacting US prices, and in turn, the possible impacts on our market.
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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.