Cattle prices to keep rising.
COMPETITION in the cattle market will further intensify this year with cattle numbers expected to fall to a 20-year low in the next two years, according to Meat & Livestock Australia’s (MLA) cattle industry projections for 2016.
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The MLA said the combination of high cattle prices and ongoing drought, particularly in Queensland, was prompting producers to continue off-loading livestock. It expected the tight supply, restocker demand and the lower Australian dollar would lead to higher cattle prices this year.
