# Woolworths cuts feedlot numbers; feeder prices drop | Farm Online | ACT

> Woolworths has cut its quota of feedlot cattle as Australian consumers shift to cheaper beef cuts and other proteins amid rising living costs. ANZ warns the trend could ripple back through the beef supply chain. Feeder prices have dropped as a result.

- Date: 2022-06-28 · published 2022-06-28T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/41089-woolworths-cuts-feedlot-numbers-feeder-prices-drop-farm-online-act
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Reduced retail demand for beef and a shift toward chicken lowers feedlot placements and cattle values, reducing feed demand in Australia.

## Read by commodity

- CHICKEN: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/7798338/woolies-cuts-feedlot-quota-as-consumers-look-for-cheaper-beef/

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