# US feeder cattle now 250pc higher than Australian equivalents - Beef Central

> Beef Central reports that US feeder cattle prices have risen far above Australian feeder prices, with the CME feeder index near US$245.6/lb and up 37% year on year. The rise follows a drought-driven liquidation of the US herd that has left cattle supplies short.

- Date: 2023-08-23 · published 2023-08-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34731-us-feeder-cattle-now-250pc-higher-than-australian-equivalents-beef-central
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A drought-driven US herd shortage keeps feeder cattle prices at record highs and the gap with Australia wide, which supports US feeder demand and grain demand for feeding.

## Read by commodity

- FCATTLE: bullish ▲

## Sources

- beefcentral.com: https://www.beefcentral.com/news/us-feeder-cattle-now-250pc-higher-than-australian-equivalents/

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