Cattle prices trending lower

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Meat and Livestock Australia (MLA) has predicted cattle prices would remain higher, year-on-year, for the first six months of 2017.

Meat and Livestock Australia (MLA) has predicted cattle prices would remain higher, year-on-year, for the first six months of 2017.

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According to it’s 2017 Australian Cattle Industry Projections quarterly update, the 2017 outlook for cattle slaughter in Australia remained at 7.1 million head, down 200,000, or three per cent,  year-on-year. But the MLA said a slowly growing herd was likely to result in prices trending lower, into 2018.

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