Drought affects Australian cattle supply; Beef prices on the rise

Drought affects Australian cattle supply; Beef prices on the rise

Beef prices in Australia have surged to record highs creating concerns among cattle farmers that the supply shortage would force shoppers to seek for alternative meats. The benchmark for the price of Australian cattle, the Eastern Young Cattle Indicator, came to 600 cents per kilogram meat weight for the first time. Australia’s cattle supply is […]