Elders reduced bid size?, page-91

The way i understand it is China is a buyer for our processed quality box meat, they buy everything they can and it leaves holes in our domestic market, Coles and Woolworths also engaging with farmers trying to bypass some middle men soaking up current and future stock. These things are pushing up the prices accross the board and it on-flows to the live cattle lower quality beef. It takes years to replenish or grow cattle stocks and thats if the farmers want to do it, the ones i talk to have no intention to grow their herds massively as they are happy getting top dollar, every week its a sell-out at the sale yards ( round here anyway ). OS competition is live cattle trade biggest worry imo as i think beef prices are here to stay in Oz, China never use to eat it, now they can afford it and they like it, but it has to be good.