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Speakers at a South Australian event said feed barley prices are firm because of high cattle and sheep numbers on feed. National wheat and barley tonnages are expected to be lower this season, and a record carryover of 7 million tonnes is being held on the east coast.
Strong livestock feeding demand supports feed barley prices. Large carry-in stocks offset some of that support.
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.