Cattle prices have continued the downward slide, although the big numbers flooding in for sale in the north has eased over the past week.
Government economists are now forecasting the average saleyard price of steers and cows to fall until the end of the financial year.
Analysts still believe southern January weaner sale vendors are in for records, and South Australia has set a solid pace so far as interstate buyers with abundant feed have gone head-to-head with local restockers.
Agents in SA have labelled the 500 cents a kilogram liveweight prices for weaners ‘unfathomable’.
However, just how strong business gets around the Western Victorian rails in January, and the overall fortunes of the cattle market, is heavily dependent on La Nina…