US beef market in steep decline

By Ken Wilcock
Updated July 2 2021 - 2:19am, first published June 30 2020 - 1:37pm
A fortnight ago southern Queensland grid rates for 4-tooth ox and heavy cow were adjusted up to 630 and 550c/kg respectively. But saleyard prices continued to head north and this week one major player added another 20c taking the grid indicators to 650 and 570c/kg.
A fortnight ago southern Queensland grid rates for 4-tooth ox and heavy cow were adjusted up to 630 and 550c/kg respectively. But saleyard prices continued to head north and this week one major player added another 20c taking the grid indicators to 650 and 570c/kg.

WITH the United States, one of our most significant beef markets, now experiencing a rapid decline in price, more than a few people are wondering how is it that grid rates and saleyard prices for ox and cow are getting dearer.

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