‘Perfect storm’ drives feeder steer prices to unprecedented record highs

 

Jon Condon, BEEF Central (AU)

20/07/2021

 

A PERFECT storm is driving feeder steer prices to unprecedented record highs, but some big lifts in slaughter cattle pricing may be necessary to justify current price levels, some lotfeeders say.

 

As reported in last week’s item on the rampant rises being seen in the Eastern Young Cattle Indicator, lotfeeders are currently shelling out ‘eye-watering’ prices for suitable feeder cattle in order to fill vacant pens...

 

Near vertical price rises ...

 

“Perfect storm” ...

 

Profitability challenge ...

 

more, including charts

https://www.beefcentral.com/news/perfect-storm-drives-feeder-steer-prices-to-unprecedented-record-highs/