# Weekly sheep and cattle market wrap | Meat & Livestock Australia

> 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.

- Date: 2022-05-19 · published 2022-05-19T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/41339-weekly-sheep-and-cattle-market-wrap-meat-and-livestock-australia
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

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.

## Read by commodity

- LCATTLE: neutral

## Sources

- mla.com.au: https://www.mla.com.au/news-and-events/industry-news/weekly--sheep--cattle-market--wrap/

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