Since February 2022, Australian cattle indicator prices have been in a downward trend with the fall accelerating over recent months and livestock prices now almost half what they were in February 2022.
Despite this, beef retail prices have been stubbornly resistant to decreases.
Whilst Meat & Livestock Australia collects data on livestock prices and reports them in the form of indices on a regular basis, nobody seems to collect, hold and interpret beef retail prices to provide transparency at that end of the supply chain.
The result is that purchasers have perfect information on costs…
