I agree it's good wellard is able to source alternative cattle options for its market however those operations to Brazil are far and inefficient. Supplying Australian cattle is at their core and if the prices are high and the person who has to cop it is wellard then we lose out. Long term I think it will balance and with the opening of China opportunities I think they will pay but in the short term the south east Asian countries wellard supply are getting fed up. Why did it bounce yesterday? We can only speculate will it continue who knows? What we do know is effectively nothing has changed but sp moved. It does that a lot. Waiting on the quarterly to again see how much the company can dissapoint.
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I agree it's good wellard is able to source alternative cattle...
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