ELDERS Killara feedlot general manager Andrew Talbot started his address at Beef Central’s Primex field day seminar last week with a question: If the Eastern Young Cattle Indicator on Friday was 1019c/kg, where would it be in six months time?
The majority in the crowd chose a range between 900c and 1000c/kg, with a smaller number choosing less than 900c or less than 800c, and a few brave optimists, above 1000c.
“The same thing happens when you put a bunch of clever economists in a room and ask them about interest rates. The…