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Indonesian slaughter steer prices fell in March as a surplus of overfat cattle from October 2018 shipments continued to arrive. Feedlot gate prices fell as low as Rp37,500 per kg live weight in Lampung.
Vietnamese slaughter cattle prices rose.
Oversupply of Australian feeder cattle is weighing on Indonesian feedlot margins and demand for live imports. The impact on US feed or livestock prices is minimal.
beefcentral.comGuest AuthorApr 15, 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.
