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Australian foetal blood prices averaged $380 per litre ex-works in November, up 79% year-on-year, according to MLA's co-product report. Prices are supported by reduced female cattle slaughter, which fell to 47% in October from 50% in 2015, as herd rebuilding continues.
Tight Australian cattle supply limits beef and co-product output, supporting co-product values. The effect on feed-grade commodities is minimal.
mla.com.auDec 15, 2016Not 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.
