Cattle producing regions have been very dry year to date...
And the 3-month outlook by the Australian Bureau of Meteorology is no better...
Cattle prices are falling rapidly...
- July to September rainfall is likely to be below average over parts of southeastern and southwestern Australia.
- July to September daytime and night-time temperatures are likely to be warmer than average for most of Australia. Chances are highest in the southeast and southwest, where there is a greater than 80% chance of warmer than average days and nights.
- This outlook is influenced by higher than average pressure over southern Australia during July to September (see the Climate Influences section for more detail).
Wagga sale 10 July 2017: Cheaper prices over most categories
By Leann Dax, 11 July 2017
A lack of buyer support and higher feed grain prices saw most categories take a hit of 10-40c depending on condition and weight.
https://www.beefcentral.com/markets/wagga-sale-10-july-2017-cheaper-prices-over-most-categories/
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