EU Prime Market Prices Accelerate

EU - A highlight of the prime market is the acceleration of prices for EU cattle.
calendar icon 22 August 2008
clock icon 1 minute read

Southern Qld works are now quoting up to 400c/kg dressed over-the-hook for suitable EU two and four-tooth steers, reports Stock and Land.

According to them, while the best grassfed steers are 335c, this 65c bonus must make this market attractive, even though there are the well-known restraints associated with this program.

Stock and Land say that there is a high demand for live export cattle from northern Australia, particularly from Indonesia.

An industry source said the Australian dollar coming off the boil had been a big help, but the shortage of cattle has driven the price for cattle.

Over the next few months, cattle from the north will be in short supply.

Until now, the shipping sector has been flat out keeping up with demand.

However, the rewards are good, with feeder steers selling from 170-175c at the wharf in Darwin.

TheCattleSite News Desk

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.