Heavy rainfalls in Queensland bring cattle prices back up to ‘expected’ levels

‘The dry weather probably panicked a lot of people who flooded the markets with cattle, but now things are changing, says one breeder

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Between a tangle of steel pens at the Silverdale sale yards an hour west of Brisbane, farmers and prospective buyers listened to the drone of an auctioneer as cattle bidding got under way.

Rebounding cattle and sheep prices have them feeling more optimistic after heavy rain across eastern Australian replenished parched pastures and eased fears of a severe drought driven by El Niño.

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