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MLA Market Information provides the latest prices, reporting, forecasts and analysis for Australian and international red meat markets.
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While only a cost for many producers when addressing feed shortages during slow pasture growth periods and drought, fodder costs can indeed become significant for some businesses at times.
Over-the-hook (OTH) cattle indicators across the southeast states maintained an upward trajectory during June, and the final week of the month was no exception with the heavy cow categories in particular lifting as much as 20¢/kg cwt from the previous week.
Young cattle and lamb prices throughout the eastern states saleyards continued to rise in the final week of June – the result of good rainfall across many regions and an improved seasonal outlook.
US imported beef prices continued to gain ground this week, largely due to the seasonally tight availability of cattle from New Zealand.
Australia’s national cattle indicators all continued to climb this week, with many producers bursting with rain fuelled confidence to compete fiercely for the limited numbers on offer.
NLRS Market Summaries