The AUSTRALIAN beef producer’s share of retail dollar spend on beef has continued its rapid descent, hitting all-time historical lows in the December quarter.
The steady decline in saleyard cattle prices during the fourth quarter of 2023, combined with a marginal easing of retail beef prices, saw the beef producer share of retail $ drop to the lowest point since the data-set began back in 1998, at just 25.8 percent.
As can be seen on the graph published above, back in 2022-23 when cattle prices approached record levels, the producer share index soared to almost 60pc.
The release…
