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Woolworths has cut its quota of feedlot cattle as Australian consumers shift to cheaper beef cuts and other proteins amid rising living costs. ANZ warns the trend could ripple back through the beef supply chain.
Feeder prices have dropped as a result.
Reduced retail demand for beef and a shift toward chicken lowers feedlot placements and cattle values, reducing feed demand in Australia.
farmonline.com.auShan GoodwinJun 28, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
