AUSTRALIAN cattle producers could expect a turnaround in prices by mid-2024 on the back of an American herd rebuild, producers were told at the Meat & Livestock Australia Update event held in Bendigo on Thursday.
MLA National Livestock Reporting Service operations manager Ripley Atkinson said the United States’ cattle herd liquidation followed by its rebuild would lead to reduced global supply and an improvement in domestic Australian prices.
MLA analyst Ripley Atkinson addressing Thursday’s Updates event in Bendigo
Mr Atkinson said cattle prices are currently 16-24 percent below…
