This week: Prices at the abattoirs have overtaken the market realities. The beef industry realises that, with a lower kill in the peak production season, they run very little risk that hides will remain unsold. Processing units have to cover their forward sales and need material. This leads them into a highly competitive situation and the moment they decide it is time to look for extra supply, an explosion in prices is guaranteed, even if this is decoupled from commercial logic.

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