Australian cattle prices have likely bottomed out with some reprieve for producers expected over the next months with the US forecast to enter a herd rebuilding phase post-drought.
That’s according to Cattle Australia president David Foote who told The Australian Ag Podcast today that while the sharp reduction in saleyard cattle prices over the past year had taken him somewhat by surprise, rates were tracking at levels similar to those commanded before a drought-forced sell-off of stock in the US.
Australia’s Eastern Young Cattle Indicator ended Monday at 554c/kg carcass weight – down…
