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ANZ's Agri Commodity Report forecasts a slow, multi-year rebuild of Australia's cattle herd, which fell to about 25 million head after a drought sell-off. Restockers and feedlotters are expected to keep competing for cattle, and good rain is expected to limit supply.
A slow herd rebuild keeps cattle supply tight and supports prices, while strong feedlot demand sustains competition for feeder cattle.
farmonline.com.auShan GoodwinDec 10, 2020Not 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.
