
Indonesian slaughter steer prices slipped to Rp40,000 per kg live weight in April from Rp41,000 the prior month. Some distressed sales were reported at Rp39,000.
Industry players attribute the weakness to competition from imported Indian buffalo meat.
Cheaper buffalo meat is displacing domestic and Australian cattle demand in Indonesia, which pressures northern Australian cattle prices. The direct impact on feed commodity prices is limited.
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.