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Cattle prices held steady at a smaller Euroa yarding of 832 head, with feedlot buyers and restockers competing against cow buyers. Steers of 200-280kg topped at 718c/kg and cows with calves sold for up to $3400 a unit.
Firm light-cattle prices reflect strong restocker demand for feeder cattle in Victoria, which tends to support the feeder and live cattle complex. The move is local and routine, with no new supply shock.
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.