(Bloomberg) -- Cattle prices in Australia, the world's second-largest beef exporter, rose 4.1 percent this week, ending two straight weeks of declines, on forecasts of rain for some parts of the country.
Australia's benchmark Eastern Young Cattle Indicator, which measures auction prices of cattle sold at sale yards in the east of the country, rose 12 cents, to A$3.08 ($2.54) a kilogram this week. That's the biggest weekly gain in 14 weeks.
Read more at Bloomberg Commodities News
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