Cattle price have never been higher, talk to any one you know that is associate with the land has cattle and has sold cattle reciently - they are making unbelivable prices.
Six month ago weaner cattle ( 12-15 months old ) were sell at double the price they made the previous year in the range of $700 - $900 / head. Last week I takled to a cattle producter in QLD sold best weaner cattle at $1400 / head . The prediction is these prices will contine as supply is squeezed.
Back to ACC they seem to have missed out - they are not reporting increased prices for cattle sold. May be they will shock us shareholders with a significant increased profit announcement.
It is a double edges sword they need to buy catle for their Darwin meatweeks - no doubt the prices they will need to pay are substantially increased.
Their next report will be interesting - hopefully will 'spark ' the share price which is to say the least very disappointing.
Beef just as valuable as baby formula for the big kids, page-2
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Last
$1.46 |
Change
0.055(3.93%) |
Mkt cap ! $877.0M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.47 | $1.40 | $955.3K | 660.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 8144 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AAC (ASX) Chart |