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Beef Central's Southeast Asia report says Indonesian slaughter steer prices are static at about AUD 3.55 per kg live weight, with feeder prices near AUD 3.20. Feedlots are holding excess over-fat cattle, and Chinese slaughter cattle demand is weakening.
Slow feedlot sales and reduced Indonesian imports point to continued downward pressure on live cattle export prices, while a strong Australian dollar weighs on returns.
beefcentral.comGuest AuthorMar 15, 2018Not enough comparable past events yet for a historical read.
Not 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.
