Light store cattle at Wodonga sold for high cents-per-kilogram rates, with one lot of 269kg calves making $1930 (about $7.17/kg). Buyers with a fixed dollar budget are purchasing lighter animals, which lifts the per-kilogram price.
Restocker demand may ease into summer depending on numbers and seasonal conditions.
Strong restocker demand and high store-cattle prices point to firm cattle values in southern Australia, but the effect on global feed demand is minor and does not clearly move US feeder futures.
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.