Tracking yield weighted Australian beef retail prices and producer share

The surge in Australian young cattle prices and the competition from other protein, particularly chicken, has seen average retail beef prices tracking at levels which see the estimated Australian producer share climb to previously unseen levels in our records.

In order to reflect a realistic average retail beef price, a major supermarket weekly catalogue is used to generate a carcase yield weighted price. This is tracked over time and a producer share is calculated by comparing the carcase weight retail price with the Eastern Young Cattle Indicator published by Meat & Livestock Australia Ltd.