Message for Australia in plummeting US beef market

Updated October 18 2016 - 4:59pm, first published 3:32pm
Australia’s own changes in market dynamics lie ahead and it would seem wise to anticipate an adjustment of similar direction if not necessarily of the same magnitude.
Australia’s own changes in market dynamics lie ahead and it would seem wise to anticipate an adjustment of similar direction if not necessarily of the same magnitude.

According to last week’s report from analyst Steiner Consulting, that figure is now US$0.93c/lb which represents a whopping 45pc drop.

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