Supply concerns bolster OTH rates
20 July 2012
Substantial rain throughout parts of NSW and Queensland lifted over the hooks rates this week. Contributors in both states raised prices in anticipation of possible supply shortages. Colder conditions have also limited the number of quality well-conditioned cattle – this may place further pressure on rates. South Australian and Victorian rates were generally firm, however, some contributors throughout Victoria elected to increase grown cattle rates in order to secure supply.