# Cattle prices out of step with North and South America | Meat & Livestock Australia

> Australian heavy steer indicator reached 310c/kg lwt, the first time above 300c/kg in over two years, as kill floors run at elevated levels and supply of slaughter-ready grassfed cattle is limited. Australian prices have moved closer to US levels while diverging from Argentina and Brazil, whose cattle have become cheap due to currency depreciation.

- Date: 2019-07-18 · published 2019-07-18T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58025-cattle-prices-out-of-step-with-north-and-south-america-meat-and-livestock
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tight Australian supply and strong export demand, especially from Japan and Korea, support beef prices and export competition with the US, while weak South American currencies keep those cattle cheap in global terms.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- mla.com.au: https://www.mla.com.au/prices-markets/market-news/2019/cattle-prices-out-of-step-with-north-and-south-america/

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