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Australian feeder cattle prices rose about 10c/kg over the past fortnight as rain disrupted supplies in Queensland and New South Wales. Saleyard prices moved higher as buyers competed for cattle to fill gaps, while lotfeeders showed reluctance to take on extra cattle due to tight margins.
Rain-related supply disruption tightens Australian feeder supplies and lifts prices, while tight lotfeeder margins may limit feedlot placements and feed demand.
beefcentral.comGuest AuthorJan 1, 2025After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
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.
