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Indonesian slaughter steer prices rose slightly during Ramadan to about Rp39,000, though demand was weaker than expected. Importers brought in about 59,000 feeder cattle in May, and Vietnamese import demand remained strong.
Indonesian feeder demand and Australian feeder price firming point to a gradual rise in cattle import costs later in the year, though the effect on global prices is limited.
beefcentral.comGuest AuthorJun 17, 2019Not 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.
