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North Coast Local Land Services is urging NSW beef producers to secure supplementary feed now, as dry conditions persist into August and September. Drought across most of NSW has placed unprecedented demand on common supplementary feeds.
Heavy demand on a tight supplementary feed base is likely to lift prices for hay and other feed ingredients as producers buy ahead of spring.
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.