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Australian cattle and sheep markets were mixed this week, with the Feeder Steer Indicator down 9c to 681c/kg. Improved NSW weather supported some prices, and Queensland recorded its largest weekly cattle slaughter in four years.
Mixed price moves and heavy Queensland slaughter show balanced cattle supply in Australia. Stable feeder values keep feedlot costs steady for buyers of feed.
mla.com.auAug 30, 2024Not enough comparable past events yet for a historical read.
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.
