A SECOND risk management tool has been added to the hedging options available to the Australian beef industry, following the launch of a Manufacturing Beef Swaps product by Macquarie Group this week.
The new Swaps product, for 65CL and 85CL beef trimmings commonly used for grinding beef, follows the launch in late 2022 of feeder cattle swaps by Stonex.
The new product follows the recent launch of weekly reporting on Australian 65CL and 85CL trimmings prices and an index by commodity reporter, Argus Media.
Stonex said it already had a number of interested parties that would look at using…
