THE balance between slaughter cattle supply/demand, and added factors like processing labour capacity, appears to have found a level of equilibrium this week, with few changes reported in direct consignment grid offers across Eastern Australia.
National adult cattle beef slaughter during July has averaged close to 122,000 head a week, easily the highest and most consistent production seen since the end of the drought.
There was little evidence of adjustments in prices from Central Queensland all the way to Victoria and South Australia this morning, following some 10c/kg downwards…
