Loading…
Australian feeder cattle may enter the US as the US herd rebuilds after drought, with the US beef herd at 50-year lows. US feedlot placements fell 12.3% in March, and total feeder cattle sales were down 7.6% for the four weeks to April 26.
US August feeder futures were around 250 c/lb.
Tight US feeder supply and possible Australian imports shape feeder cattle pricing, with transport costs a factor in whether imports become viable. Lower placements point to continued tightness in feeder supply.
beefcentral.comJon CondonMay 13, 2024Not enough comparable past events yet for a historical read.
Not 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.
