
About 900 cattle were yarded at the Bairnsdale store sale in East Gippsland, with South Gippsland agents buying for backgrounders and restockers. Heavy steers cleared above 500c/kg, mid-weight steers started from 600c/kg, and lightweight steers sold higher still.
Major feedlotters were also competing for feeder cattle.
Elevated store and feeder prices reflect strong restocker and feedlot demand for grass-finished cattle in Victoria. The impact on international feed grain and protein prices is limited.
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.