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Australian cattle prices hit record levels in 2020 as slaughter fell to historic lows. Export volumes dropped 14% year-on-year during the COVID-19 disruptions, while domestic retail demand surged.
Tight cattle supply and strong domestic demand keep Australian cattle prices high, which raises the cost of cattle-based feed and beef inputs for buyers.
mla.com.auDec 17, 2020Not 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.
