date:May 09, 2013
Australian beef graziers yesterday held a crisis summit in Richmond in North-west Queensland to address ongoing low cattle prices. The low prices have been attributed to a flooded market because of poor seasonal conditions, a strong Australian dollar and the cumulative effect of the 2011 suspension of live cattle exports to Indonesia.
According to Meat and Livestock Australia (MLA), cattle prices in Queensland in the week ending 2 May 2013 averaged 305 cents per kg cwt, while the Eastern Young