Weekly kill: Rain puts handbrake on any slaughter cattle price correction

Ongoing, widespread and persistent rainfall is all that’s standing in the way of a price correction in slaughter cattle across eastern Australia, industry feedback this week suggests. The succession of wet weeks since July across many areas has heightened logistical problems in getting cattle out of the paddock and onto roads for slaughter, and that challenge has tended to support current near-record pricing levels longer than many expected. Had it not rained as much as it has since July, price corrections by now would have been inevitable, some trade contacts suggested this week, as Australian beef’s competitiveness in international and…

Source: Beef Central
Weekly kill: Rain puts handbrake on any slaughter cattle price correction