TOUGH trading conditions continue for Australian lean grinding beef exports in June, due in large part to the extreme high rates of beef kill in the US due to drought.
As Beef Central reported on Tuesday, direct consignment prices for slaughter cows in Queensland fell 20c/kg in some grids this week, reflecting trading terms for export grinding beef.
Drought conditions across the US have improved marginally, but pastures are still in the worst shape in three decades, US analysts suggest, forcing local producers to cut even deeper into their herds.
The 7pc increase in US cow slaughter this…
