I have been buying. Average is now at 40 cents and I have a sizeable parcel. I want more though.
So looking at this logically..Australian cattle prices have impacted Wellards margins. This is why we are direction half of our shipping capacity to Brazil now? Wellard are still a profitable business when things are bad. What happens when cattle prices fall which they will. It will just take some time to increase herd sizes.
The article below is worth a read.
Are we closing in on the top of the market?
By James Nason, 15 July 2016
Meat & Livestock Australia’s Ben Thomas says it appears the market is close to, if not already at, the top of cattle prices from a producer’s point of view.
http://www.beefcentral.com/markets/are-we-closing-in-on-the-top-of-the-market/
