Exporters repositioning and selling ships as tough year bites

Cattle loading at East Arm Wharf in Darwin. A tough year for livestock exporters is showing few signs of easing in coming months, as the approaching wet season set to make it harder to source cattle. With cattle already in tight supply and restockers competing heavily for available numbers after recent rain, the market for steers and heifers suitable for export stands close to an all time high at 365c/kg ex-Darwin. Market conditions in Indonesia and Vietnam are also adding to the pressure exporters and importers are feeling in the current market. The sudden introduction a new breeder import policy by the…

Source: Beef Central
Exporters repositioning and selling ships as tough year bites