Ag Answers has released the August Cattle Update and after record breaking prices and tight supply in 2016, the report shows the Australian cattle industry is now sitting in a position not seen since 2014, with prices dipping below those seen one year ago and slaughter beginning to trend higher.
Beef exports for the year to May are trending below 2016 with volume down 11.8%. However a 2.8% increase in the dollar per tonne value has meant the value of exports is only 9.1% lower.
Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank Limited accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank Limited ABN 74 083 938 416 AFSL 238042.