How high can beef prices go?
YOUNG cattle prices leapt yet again this week, as feeder buyers and restockers, spurred on by rain, continue to go head-to-head for the limited numbers on offer.
The Eastern Young Cattle Indicator hit a new record high on Thursday in both nominal and inflation-adjusted terms, sitting today at 941.5 cents a kilogram carcase weight.
As analyst Matt Dalgleish explained earlier this week, the last time prices were at this level was in 1965, when they reached 936c in 2021 dollar value.
Do you think beef prices are at the peak?
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