Saleyard prices down 40% on average from 2022 and are in line with amounts seen during 2019 drought, Meat and Livestock Australia says
“People [from southern Queensland and northern NSW], who usually buy most of the cattle, are now in the driest areas and don’t want to buy. It’s buggering the market for all of us.”
Saleyard prices are down by 40% on average compared to last year, in line with prices seen in 2019 during the last drought, according to Meat and Livestock Australia . MLA’s global supply analyst, Tim Jackson, said many farmers grew their herds during the past three years of wet and favourable conditions.
“As herds have been rebuilding, demand has been very high because conditions on farms got a lot better [after the previous drought],” he said. “People wanted to buy cattle so that they could fatten them up. “Now, herds are considerably larger than they’ve been for a number of years … what you’re basically seeing is an increased supply of cattle and sheep and lambs coming to market, and a somewhat fixed processing capacity.”“We had the biggest flood we ever had in October last year,” he said. “Every time we’ve had big floods we’ve been followed by substantial droughts … we are screwing the planet over, there is no doubt about that, but this is just another cycle.
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