BOTH direct consignment and saleyards-derived cattle prices continue their plunge this week, as the first use of the word, ‘panic’ starts to come into play in describing current market sentiment.
Evidently, many producers do not want to let themselves get into a 2019-type situation, and are going ‘hard and early’ in their herd adjustment strategy, one livestock buyer contact said this morning.
“Until we see some moisture, nothing is really going to change,” he said.
A ring-around of major processors this morning found southern Queensland operators offering 375-380c/kg on heavy…
