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Australian beef reached an all-time high in 2020, with the Eastern Young Cattle Indicator hitting about $8 per kilogram, the highest in the world. Analysts say it could reach $10 per kilogram in 2021 on strong consumption and export demand.
Record cattle prices driven by restocking and a shrinking herd signal continued firmness in livestock costs for feedlots and beef buyers.
abc.net.auDavid ClaughtonDec 23, 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.
