ACCC beef study reveals price transparency issues + industry reaction

The competitiveness of Australian beef and cattle markets could be improved by the adoption of objective carcase grading, improvements to the nature and coverage of market reporting, and the implementation of a range of measures to lessen the risk of collusive and anti-competitive behaviour in saleyard auctions. These are the key recommendations from a six-month study of Australian beef and cattle markets by the Australian Competition and Consumer Commission. An interim report was released today, and the ACCC is now seeking industry feedback. “In the course of our market study we’ve listened to a wide range of industry concerns about anti-competitive…

Source: Beef Central
ACCC beef study reveals price transparency issues + industry reaction