THERE’S been a 20c/kg correction in forward contract 100-day grainfed cattle prices for delivery during the second half of June.
Several large Queensland export processors running 100-day programs have reduced their contracts for late June delivery from 700c/kg carcase weight to 680c/kg this week.
Supply may be partly responsible, with the latest quarterly grainfed industry survey showing record numbers of cattle on feed at the end of December, reaching close to 1.3 million head.
Flat trading conditions in some markets due to economic slow-downs, especially in China, has also kept a…
