7/10/2023 0 Comments Feeder cattle prices![]() However, pressure on the export market and an inability to export higher volumes will dampen feeders' profits as margins become tighter, reducing the effectiveness of lower grain prices. The declining grain price throughout 2020 would have assisted feedlotters, especially with finished prices following a similar upwards trend as feeder cattle. At current prices of 430¢/kg live weight (lwt), that has meant an additional $130/head paid for cattle at a weight of 432kg compared to an average 400kg animal. Presently, feeder cattle can be expected to fetch over $1800/head. ![]() Restocker-led price premiums and increased entry weights have significantly increased prices along the supply chain. While Queensland cattle have experienced some weight gain, it hasn’t been to nearly the levels of NSW. Understocked paddocks and an upward price frenzy in 2020 have triggered larger weight gains for greater $/head returns, cascading through to the feeder level. While this doesn’t sound like a large climb considering that the feeder cattle spec traditionally has limited capacity to move due to the consistent nature of lofted production, it is significant in the context of history. According to NLRS data, average feeder yearling steer weights in NSW have risen 9% (35kg) since March 2020 to date, averaging 432kg liveweight for the month of March 2021. The recent rise of feeder weights in the last 12 months, particularly in NSW, has been unprecedented.
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