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Wagyu F1 feeder cattle prices in Australia have fallen under pressure over the past year, with good-quality F1 steers around 320-350c/kg liveweight. The premium over Angus feeders has narrowed to about 10-20c/kg from prior highs above 500-600c.
Cattle with unknown performance or less desirable breeding are struggling to find buyers.
Record-high grain prices raise feedlot production costs, pushing buyers toward commodity cattle and limiting demand for premium feeder stock.
beefcentral.comJon CondonNov 1, 2018Not 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.
