It's fallen to a ridiculous level vs nta, as if there is some doubt as to it's solvency.
With the widespread rain there will be a lot of people restocking, pushing up the price of young cattle.
With AAC moving to a model of 'self breeding' rather than buying from the market it should have a positive effect on livestock valuations.
I'd expect to see the nta back above $1.80 with the May results.
AAC - support found, indicators lining up, page-16
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