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SALEYARDS feeder steer prices are in danger of falling below 200c/kg for the first time since late 2014, as young cattle values across eastern Australia continue to come under considerable pressure.
The National Livestock Reporting Service’s feeder steer indicator (see Beef Central home page industry dashboard graphs) yesterday finished at 203.95c/kg.
That’s down another 19c/kg over the past month and 314c/kg lower than this time last year, when feeder steers contributing to the NLRS indicator were making 518c – a decline of 61pc since then. As can be…
