Cattle buyers hit their limit
Feedlots were the most active buying group within the Eastern Young Cattle Indicator in the past fortnight, claiming 17,705 cattle to be outbidding processors by a ratio of 6.5:1.
Feedlots were the most active buying group within the Eastern Young Cattle Indicator in the past fortnight, claiming 17,705 cattle to be outbidding processors by a ratio of 6.5:1.
Cattle prices have softened in recent weeks. But the Eastern Young Cattle Indicator remained at a historic high. See what’s continuing to drive the cattle market.
Overall trend in national saleyard data shows softening of prices across young cattle as restocking demand eases.
Buyers hungry for cattle that can be slaughter ready in the months ahead to fill the winter gap have resulted in prices hurdling over a key threshold during the latest store sale at Yea in Victoria’s North East.
It has been a case of breeders versus feedlotters at Ballarat where producers and commission buyers have gone head-to-head trying to secure quality cattle.
A key Meat and Livestock Australia staffer has been appointed chief executive at Herefords Australia.
It’s official: the national cattle herd has entered a rebuild phase. What does this mean for the industry in 2021?
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