
Beef Central reports that Indonesian feedlot margins are unsustainable and the slaughter steer indicator price fell to Rp38,000/kg. Cheap Indian beef has taken a large share of the market, and boneless-only export rules for FMD-affected countries are changing wholesaler sourcing.
Lower Indonesian imports of live cattle and beef reduce demand for Australian cattle, which would weigh on Australian feeder prices.
After 288 past trade events, Live Cattle moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.1%), and +1.0% over 20.
After 171 past trade events, Feeder Cattle moved a median +0.3% over 5 sessions (55% higher; middle half -1.3% to +1.8%), and +1.2% over 20.
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.