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Indonesian slaughter steer prices held steady at around Rp39,000 per kg in April despite COVID-19, as weak restaurant demand was offset by Ramadan demand. Live cattle trade is running at about half normal pace and Darwin feeder cattle prices fell sharply at month end.
Weak Indonesian beef demand and reduced live cattle trade lower Australian export demand for feeder cattle, pressuring Australian cattle prices.
beefcentral.comGuest AuthorMay 7, 2020Not 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.
