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Rain in Queensland prevented some cattle sales from going ahead, including Roma, leaving a short week for processors. The heavy steer indicator fell 59c week-on-week while restocker lamb prices rebounded 58c to 837.6c/kg.
Fewer cattle sold through saleyards tightens near-term supply for processors and makes the Eastern Young Cattle Indicator more volatile. Restocker demand improving after rain points to firmer lamb and feeder prices.
mla.com.auMay 19, 2022Not 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.
