Feeder cattle market: Northern flatbacks hit southern Angus levels, as more rain builds

Northern Australian flatback feeder steers have reached or exceeded southern Angus price levels, with 400kg-plus flatbacks on the Darling Downs quoted at 560–575 cents per kilogram. Rain has brought some Queensland cattle back to market, but regional supply differences, drying conditions in parts of the south and feedlots booked through December are shaping competition; the national feeder steer indicator has climbed 82 cents in a month to 553 cents per kilogram.