Beef Drops 46%. But Not In Supermarkets. Why?

Beef prices paid to the farmer have dropped 46% in 15 months.
However retail prices for beef have not dropped anywhere near 46%.
Why hasn’t the beef price drop been passed through to retail prices?
Angus Gidley-Baird Senior Proteins Analyst for Rabo Bank and Burgernomics Podcast host Ross MacDowell explore the economic forces effecting Australia’s beef supply chain.