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Australian cattle prices remain at record highs, squeezing live cattle importers in Indonesia who struggle to profit even as domestic slaughter steer and fresh meat prices rose toward the end of April during Ramadan. Indonesian government pressure on food suppliers continues during the peak demand period.
Record Australian feeder cattle costs keep live import margins negative, which can reduce Indonesian import volumes and tighten Australian cattle supply further, supporting prices.
beefcentral.comGuest AuthorMay 24, 2021Not 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.
