Record cattle prices may slow national herd recovery as farm

Record cattle prices may slow national herd recovery as farmers struggle to restock
FriFriday 16
AprApril 2021 at 9:23pm
The Eastern Young Cattle Indicator has passed 900 cents a kilo for the first time in history.
(
Share
Print text only
Cancel
Record cattle prices are making it hard for producers trying to restock and may put the brakes on the national herd's drought recovery.
Key points:
Demand has spiked after rain in drought-affected areas last month
High prices are making it hard for cattle producers trying to restock
"People need to rebuild the herd and they're scrambling to," NAB agribusiness economist Phin Ziebell said.

Related Keywords

Australia , Smithfield , New South Wales , Goondiwindi , Queensland , Jason Shearer Smith , Ray Cranney , National Livestock Reporting Service , Smithfield Cattle Company , Eastern Young Cattle Indicator , Phin Ziebell , Livestock Australia , Thomas Elder , Cattle Company , Sapphire Feedlot , Ecyi , Cattle Prices , 00 Cents , Record Prices , Drought Recovery , National Herd , Estockers , High Prices , Slight Margin , Cattle , La , ஆஸ்திரேலியா , ஸ்மித்ஃபீல்ட் , புதியது தெற்கு வேல்ஸ் , கூண்திவிந்தி , குயின்ஸ்லாந்து , தேசிய கால்நடைகள் புகாரளித்தல் சேவை , ஸ்மித்ஃபீல்ட் கால்நடைகள் நிறுவனம் , கால்நடைகள் ஆஸ்திரேலியா , தாமஸ் மூத்தவர் , கால்நடைகள் நிறுவனம் , சபையர் பீடுலோத் , லா ,