# Weekly cattle and sheep market wrap | Meat & Livestock Australia

> 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.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/28936-weekly-cattle-and-sheep-market-wrap-meat-and-livestock-australia
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Mixed price moves and heavy Queensland slaughter show balanced cattle supply in Australia. Stable feeder values keep feedlot costs steady for buyers of feed.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Sources

- mla.com.au: https://www.mla.com.au/news-and-events/industry-news/30082024weekly-cattle-and-sheep-market-wrap/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.