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Online cattle trading in Australia listed 17,764 head last week, up 17 percent, while the clearance rate fell to 77 percent, down 15 points. Steer prices fell across all categories on a cents-per-kilogram basis, while heifer prices were mixed, with three of five weight categories lower.
Lower Australian cattle prices and weaker clearance signal softer beef-cattle values in that market, which has limited direct effect on US feed and grain futures.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.