Mr McGauran said farmers were selling more stock than ever because of increased stockfeed prices and the unlikely chance of rain.
³They simply cannot afford to keep their stock alive through the upcoming summer,² he said.
³Therefore more sheep and cattle are being sold at saleyards.
³This increase in supply is resulting in a sharp decrease in the price farmers are receiving.
³However, it does not appear that these extremely low prices are being reflected at the supermarket.
³Consumers continue to pay high prices for beef and lamb.
³I have raised these concerns with the ACCC and asked them to closely examine the situation.²
The ACCC advised they would undertake an examination of the costs and transparency of the price of red meat being charged to consumers.