Australia's sheep, cattle and goat markets are being impacted by very high production numbers, compounded by already large volumes of meat in congested supply chains, according to agricultural analysts at Rabobank. For the sheep sector particularly, there is effectively a "mountain of supply at the moment" following two "extremely good seasons" where plentiful rainfall and strong prices had seen a large rebuild of the national flock, RaboResearch associate analyst Edward McGeoch said in a recently-released podcast.

https://www.miragenews.com/australias-livestock-market-mountain-of-supply-1095994/

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