Loading…
Beef Central's 100-day grainfed trading budget moved to a forecast loss of $98 per head, $25 worse than the December budget. The result reflects a small lift in feeder steer prices to 340c/kg and an easing trend in grainfed slaughter cattle prices.
Rising feeder steer prices and softer slaughter prices squeeze feedlot margins in Australia. Weaker feedlot returns can reduce feeder demand and slow cattle placements.
beefcentral.comJon CondonFeb 1, 2017Not 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.
