NATIONAL supermarket red meat retailers Woolworths and Coles are winding-back their forward-contract prices on grainfed yearling cattle, in line with the broader slaughter and feeder steer markets.
Current forward contracts for May-June delivery on grain yearling steers are typically a little over 800c/kg on Coles’ no-HGP grid, and a little under 800c for Woolworths, where implants are permitted.
That is a massive shift from circumstances seen in stages last year when yearling grain-finished supermarket contract cattle were making mid to high 900s, in a direct reflection of the…
