One of the biggest drivers of Chinese beef demand may have run its course.
Just another day of dearer cattle trading? Perhaps. But for those who enjoy the data, the milestone was worth marking as the EYCI zoomed past 1000c/kg on Thursday evening.
There is discontent in the US production sector with the amount of transparency and competitiveness in slaughter cattle pricing.
US beef export volume soared in May to a record 133,440 tonnes, up by 68 per cent on year-ago level.
Argentina is expected to introduce new rules that would see a greater volume of meat guaranteed for domestic consumers.
Ken Wilcock notes that the season has been well above average in north and central-western Queensland.