# Supply and demand factors push feeder steers prices sharply higher - Beef Central

> Feeder steer prices in eastern and southern Australia rose sharply over the past fortnight, with Queensland flatback feeders trading around 360-365c/kg and Angus paddock sales at 400-410c/kg. The NLRS feeder steer indicator reached 363.4c/kg, the highest since April 2023, as southern supply dried up.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/29401-supply-and-demand-factors-push-feeder-steers-prices-sharply-higher-beef-central
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tight Australian feeder supply and firm demand lift cattle input costs for feedlots, which can support demand for grain and feed ingredients in the region.

## Read by commodity

- FCATTLE: bullish ▲

## Sources

- beefcentral.com: https://www.beefcentral.com/news/supply-and-demand-factors-push-feeder-steers-prices-sharply-higher/

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