THERE have been some substantial declines in domestic supermarket grainfed cattle supply forward contracts in recent months, tracking the general deterioration of the cattle market.
Forward contracts for Woolworths and Coles suppliers for December delivery are around 630-650c/kg, Beef Central has been told be people close to the trade.
Contracts have not yet been offered for January, but speculation is that they will be considerably lower – some are anticipating around 600c/kg.
Forward contracts on all cattle – both export and domestic – have evidently been slow to materialise…
