One of the biggest drivers of Chinese beef demand may have run its course.
There may have been only a very small crowd of buyers and agents at this month's Naracoorte store cattle sale due to lockdown but they witnessed a sizzling market with prices up to $100 a head dearer than the June sale.
Just another day of dearer cattle trading? Perhaps. But for those who enjoy the data, the milestone was worth marking as the EYCI zoomed past 1000c/kg on Thursday evening.
There is discontent in the US production sector with the amount of transparency and competitiveness in slaughter cattle pricing.
Consistent demand from feedlotters and local restockers triggered solid competition at Friday's monthly store cattle sale in Mount Gambier.
US beef export volume soared in May to a record 133,440 tonnes, up by 68 per cent on year-ago level.
BOTH agencies conducting the Strathalbyn store cattle sale, on Friday last week, were impressed by the quality and number of cattle on offer for a July sale.