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Indonesian slaughter steer prices held steady in June at Rp40,000 per kg live weight despite a Ramadan spike. Feedlots are running at about 50 percent capacity, and heavy cattle are losing value, with lot feeders facing growing losses.
Weak Indonesian feedlot demand and falling prices reduce import demand for Australian feeder cattle and feed, but the effect on global grain and feed prices is limited.
beefcentral.comGuest AuthorJun 9, 2017Not 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.
