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Feeder cattle prices in Queensland and New South Wales rose 10-20c/kg after last week's rain disrupted supply. EU-compliant Angus steers are trading at a further 10c/kg premium ahead of EU deforestation import rules that start December 30 and require GPS coordinates.
The EU deforestation rules create a traceability premium for compliant cattle, which tightens supply of eligible feeder steers. Higher feeder costs raise the cost of feeding Australian beef cattle for export.
beefcentral.comGuest AuthorSep 1, 2024After 10 past bullish policy events, Feeder Cattle moved a median +0.4% over 5 sessions (60% higher; middle half -0.9% to +2.2%), and +0.3% 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.
