Buoyant beef
Doug steel -
Beef prices have continued to lift over recent months. This is from already high levels and against some easing that typically takes place at this time of year. Beef is buoyant.
Not only are beef prices about a third higher than a year ago, but they are also up two thirds on two years ago. It is a significant lift. From a bit below average two years ago, prices are now substantially above average.
Significant moves and building buffers
Doug Steel -
Volatility and uncertainty seem to be omnipresent with the primary sector seeming to see more than its fair share. It shows up in many forms as we have witnessed over recent seasons. Change can occur quickly.