High cattle prices? Says who?
MLA should never print the words "high cattle prices" in reference to Australian cattle prices.
Whilst cattle prices are higher than previously, they are also lower than previously and certainly not at an historical high.
On a world stage however, Australian cattle prices are low.
The EYCI sits at 339, around $1.86 per kg live
US feeder prices are around 86.5 US/lb which is A$2.53 live, US prices are 36% higher.
In Japan, B2 carcasses are at just under $11 per kg and the A5 Wagyu carcass is at just over A$23 per kg equating to $4000 per head for dairy steers and $10,000 per head for high end Wagyu.
Australian cattle prices are certainly not high on a world stage.
The 2 decades of deflation in Japan have resulted in an expectation that prices will continue to come down.
Using high to describe Australian cattle prices in print merely reinforces this expectation with beef.
(This was sent to MLA by a producer in response to a statement in the MLA weekly publication, "Friday Weekly").
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1 comment:
Yeah, and the Yanks are only paying something like $0.85c a litre for petrol and screaming like stuck pigs! Imagine how we feel when our stock prices are a fraction of theirs! No wonder Vaille got out of being a stockie, he would've been lynched if we knew he would let this happen! And then there's Anderson and McGauran!
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