AN over-supply of slaughter cattle continues to depress the eastern states direct consignment market, with larger Queensland processors either withdrawing quotes altogether this week, or dropping rates again.
One contact said he was shocked at how many cattle his company had forward booked, yesterday.
Southern Australia has been less impacted, primarily because recent rain has kept a closer rein on supply.
While some companies are evidently less impacted than others, Central Queensland processors, particularly, appear to under considerable pressure at present. That’s partly due to the…
