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Thursday, November 07, 2019

What would a wet and wild 2020 mean for cattle prices?

By Matt Dalgleish  |  Source: MLA, Mecardo

Gladly there has been rain hitting parts of NSW and southern Queensland that were in desperate need of a drink. It isn’t yet enough to really get restockers active but it was welcome nonetheless. Around the Mecardo office it got the discussion going on what could happen to young cattle and heavy steer prices should we continue to get decent rains as we head into 2020, particularly with the prospect of low cattle supply and reduced breeding stock – this piece looks at that prospect.

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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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