Courtesy of Friedrich Sturm GmbH & Co. KG

What happened this week:

Nothing other than the expected extremely difficult market situation. The present prices paid at the abattoirs are unobtainable and every deal is just a fight to minimise losses. Demand was relatively slow and the business concluded was primarily with the regular buyers. These were fighting to keep their purchasing levels as low as possible in the present market. So, bulls were again the easier part of the business with at least demand allowing sales. However, from the recent surge in prices only one third – if one was lucky – was absorbed by the buyers. In all other categories (cows and ox/heifers) buyers have put a hold on prices and also the Asian activity on dairies dried up with asking levels surpassing the $50 mark.

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