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The benchmark price for northern Australian crossbred feeder steers hit a record 579A¢/kg liveweight on 5 November, surpassing the previous high set in December 2021. The assessment has risen 66A¢/kg in four weeks as season-establishing rain across Queensland and NSW improved pastures and reduced producer selling.
Feeder supplies are exceptionally tight as feedlots struggle to find cattle and restocker demand competes for stock, which supports cattle prices and raises feed demand for grain finishing. Higher feeder costs squeeze feedlot margins and point to firm Australian cattle prices.
worldports.orgAkira NakamuraNov 5, 2026Not 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.
