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Angus feeder steer premiums in eastern Australia have widened to 95-100c/kg liveweight from 15-20c/kg a year earlier, with flatback heavy feeders around 530c/kg and Angus near 630c/kg. Analysts link the record gap to strong demand for Angus feeders for feedlot programs.
A record Angus premium signals strong demand for quality feeder cattle, supporting Australian feeder prices and feedlot placements.
beefcentral.comJon CondonMay 24, 2022Not enough comparable past events yet for a historical read.
Not 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.
