Thursday, July 5, 2007

Australian Cattle Price Unchanged After Reaching 3-Month High on Demand

(Bloomberg) -- Benchmark cattle prices in Australia,
the world's second-largest beef exporter, traded near a three-
month high as demand exceeded supply.

The Eastern Young Cattle Indicator, which measures auction
prices in eastern Australia, was unchanged at A$3.3875 ($2.90) a
kilogram today. Prices reached A$3.4225 this week, the highest
since April 4.


Read more at Bloomberg Commodities News

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