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Prime cattle prices at the Charters Towers saleyards in north Queensland fell again, with cows and heifers 10-12 cents per kilogram lower. Queensland's dry conditions have forced sales and created an oversupply of beef in stock.
Australian cattle have been strong in world price terms.
Oversupply from drought-forced sales lowers regional cattle values and adds to Australian beef export availability. The local yarding report is routine and has limited global price impact.
northqueenslandregister.com.auSamantha CampbellAug 25, 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.
