CONTINUAL rain every 10 days further improves the summer seasons prospects, as well as fuelling the cattle market across eastern Australia.
On an international level, global demand for beef continues as the world awakes from its “COVID slumber.”
Given how quickly the both the livestock markets and the season turned around at the end of the drought, slaughter numbers remained high including females.
This has led to a slower herd rebuild which essentially slows supply.
The fundamentals of supply and demand continue to play at hand.
Low supply across . . .
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