# Australian feeder steers prices hit record high in Nov

> 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.

- Date: 2026-11-05 · published 2026-11-05T09:07:22.882Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/81440-australian-feeder-steers-prices-hit-record-high-in-nov
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

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.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- worldports.org: https://www.worldports.org/australian-feeder-steers-prices-hit-record-high-in-nov/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.