FEEDER cattle prices continue to be buffeted this month by a combination of heavier supply, limited demand and a softening trend in forward contract prices on 100-day grainfeds.
While continued rain has caused some considerable delivery challenges for feedlots looking to refill empty pens, many large commercial yards appear to have put the cue in the rack for the timebeing, having bought plentiful requirements of feeders before Easter.
That trend has been clearly evident in the saleyards channel, where lotfeeders have been noticeable for their absence since the latter stages of…
