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Feeder cattle prices in Australia have risen sharply this week as restockers and lotfeeders compete for young cattle. Teys raised its paddock offers three times, and some categories are up 20-25% since the start of the year.
The rally follows recent rain that improved paddock conditions.
Rain-driven pasture recovery is pulling cattle into restocking, which tightens feeder supply and lifts feeder prices. Buyers should expect higher input costs for feedlot rations and cattle purchases.
beefcentral.comJon Condon14 feb 2020Tras 79 eventos alcista de clima pasados, Ganado de engorde (feeder) se movió una mediana de +0,1 % en 5 sesiones (53% al alza; mitad central entre -1,4 % y +1,7 %), y +1,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
