There continues to be a high percentage of total cattle on feed that are heifers, indicating that the breeding herd will be smaller in 2023 and 2024. The steer and heifer price difference could work to slow some of these placements. Heifer calves are generally discounted relative to steers due to their tendency to finish at lower weights, with lower daily gains, and higher feed conversions. Large price differences provide incentives for heifers to be retained in the herd. This difference varies over time driven by the cattle cycle and seasonally due to the availability of total feeder…
AustralianCountryLife
October 5, 2022
