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Australian cattle prices have fallen about 18% since early June as more animals reached market and restocker demand eased. Some signs suggest the flow of cattle may be easing and prices may be near a turning point.
Commonwealth Bank analysts expect a stronger rebound once seasonal rain arrives in northern Australia.
Lower Australian cattle prices reduce the cost of imported beef and can weigh on global beef pricing. A recovery later would depend on rainfall and herd rebuilding.
farmonline.com.auShan GoodwinAug 29, 2017Not 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.
