Loading…
Indonesian slaughter steer prices held near Rp37,000 to Rp38,000 per kg live, and the market remains buyer-favored before Ramadan starting May 15. Feeder cattle prices fell in northern Australia from late March, and Indonesia is buying 15,000 heifers.
Weak Indonesian demand ahead of Ramadan and lower northern Australian feeder prices point to softer Australian cattle export values, with a seasonal demand peak expected in June.
beefcentral.comGuest AuthorApr 18, 2018Not 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.
