The shrinking United States cattle herd is yet to have any impact on Australian prices because producers are still selling off stock.
Red Meat Advisory Council independent chairman John McKillop told The Australian Ag Podcast cattle turn-off in the US remained high as there had not been significant pasture growth.
“They are still turning off cattle at relatively high prices … they are saying there are reasonably good prices, we don’t have a lot of feed, let’s make hay while the sun shines,” Mr McKillop said.
He said the latest report from the United States Department of Agriculture,…
