Thursday, June 14, 2007

Australian Cattle Prices Fall as Lower Weight Animals Offered at Auction

(Bloomberg) -- Cattle prices in Australia, the
world's second-largest beef exporter, fell 1 percent this week
following a decline in the condition and weight of the animals
offered for sale.

The benchmark Eastern Young Cattle Indicator, which
measures auction prices in eastern Australia, fell 3.25 cents,
to A$3.3375 ($2.79) a kilogram yesterday. There were no reported
cattle markets being held today.


Read more at Bloomberg Commodities News

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