Reduced supplies fail to correct

Cattle prices continued on the softer side of firm


Markets
Aa

Reduced supplies have failed to correct physical lamb market prices.

Aa

Reduced supplies have failed to correct the massive slump in lamb market prices.

Numbers offered at auction yards this week were trimmed by 10 per cent overall, however week-on-week results have seen an average of 120-150c/kg erased from lamb prices over the fortnight.

The cattle market, too, has seen better weeks. While supplies overall was also cut by double-digit figures (cow numbers unchanged) prices remained on the softer side of firm with cow prices relaxed by 10c/kg live.

The running of the Melbourne Cup whilst darkening some metro-based plants in Victoria stopped only one country livestock market from operating to further compound the backlog of stock cued for processing.

The story Reduced supplies fail to correct first appeared on Stock & Land.

Aa

From the front page

Sponsored by