date:May 09, 2013
Cattle Index fell to 300.75 cents per kg cwt the lowest levels since December 2009.
The price drop continued a recent trend. Australian beef industry news website, beefcentral.com reported in April 2013 that average prices for live cattle arriving in Darwin had dropped to $1.60 per kg, down from offers six to eight weeks earlier of $1.75 per kg.
Sale yards and processors in Australia have seen a surge in cattle as graziers dispatch more cattle in the lead up to winter after a very dry summer