Average retail beef
prices in Australia increased $4/kg or 30% in the years from 2001 to 2009, and
declined about $0.50/kg in recent years.
Retail beef prices
have broadly increased in line with inflation
In 2013 Australian
consumers spent about $2.5 billion more on beef than they did in 2001.
So retailers and processors
have increased the markup on the same 220kg beast by a conservative $500 over
the past decade, while the producer is still receiving the same price for his beast
now as he was in 2001.