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Oversupply cuts prices
26 Oct 2006
Peter Weeks, chief market analyst at Meat and Livestock Australia, says that since the September quarter of last year cattle prices have fallen by 12 per cent and lamb prices by 14 per cent. Normally in the winter months supply is tight, but this year farmers had to put their animals on the market, even though they weren’t at market weight. This could result in a supply shortage next year, which would mean higher meat prices in the second half of 2007.
Financial Review, 26/10/06
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