
At the Leongatha sale in Victoria, Australia, feeder cattle categories rose 20 cents a kilogram, or $100 a head, while weaner steer demand fell 15-20c/kg. Yearling steers averaged 561c/kg and yearling heifers 526c/kg, with local restockers and feedlot buyers competing for cattle.
Firm local cattle prices amid good seasonal conditions reflect tight feeder supply and steady feedlot demand, which supports live cattle values and feed grain demand in the region.
Not 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.