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Australian beef prices hit records in 2016, with the Eastern Young Cattle Indicator averaging 27 percent above 2015 on a small herd. MLA expects prices to ease slightly in 2017, with tight supply in the first half and pressure in the second half as herd rebuilding progresses.
Expected herd rebuilding in Australia points to rising beef supply later in 2017, which could pressure global beef prices.
stockjournal.com.auCatherine MillerJan 6, 2017Not 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.
