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Hides and most offal and by-product prices in Australia kept falling through 2018, according to a Meat & Livestock Australia co-product report. Hides fell 52 to 83 percent year-on-year in December on flat demand, and inventories continue to build.
Lower by-product values reduce processor returns from each animal, which can support feed-cost and cattle-value pressure. Growing global offal and hide supply from higher slaughter in the Americas keeps the downward price pressure in place.
beefcentral.comBeef CentralJan 14, 2019Not 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.
