Prices and markets
MLA Market Information provides the latest prices, reporting, forecasts and analysis for Australian and international red meat markets.
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This week, the 90CL imported cow beef indicator rose 3.5US¢, to 194US¢/lb CIF (up 12.3A¢, to 603.9A¢/kg CIF).
Following recent rain across parts of the country and a tightening of overall cattle supply, the changing condition of cattle coming through saleyards has resulted in shifts in the proportion of cattle purchased by different sectors in the supply chain.
For the latest facts, insights and trends in Australia’s key red meat markets, read MLA’s just-published newly updated Market Snapshots.
The change in cattle price from December to January usually sets the scene for the year ahead, and the past few years have been no exception.
Recently released Australian Bureau of Statistics data confirms 9.01 million head of adult cattle were slaughtered during 2015 – down just 2% from the previous year. This created the sequence of back to back years with more than 9 million head killed for only the second time in Australian history.
NLRS Market Summaries