FUELLED by an injection of optimism since November’s widespread rain, there’s been a spectacular late 2023 season rally in Australian feeder steer prices over the past four weeks.
Heavy flatback feeder steers that were being quoted in the paddock (ex Downs) at 230c/kg in the first week in November are today making around 330-335c/kg – a cool $1/kg liveweight lift, worth around $450/head on a typical 450kg heavy feeder.
The NLRS feeder steer indicator, based on saleyards results for feeder-weight cattle, has mirrored this trend, lifting 97c/kg since this time last month, and 24c/kg…
