THERE have been further falls in bids on feeder steers across eastern Australia this week, continuing a marked trend seen during November.
Prices on all feeder cattle are coming under sustained pressure, with many large Queensland feedyards withdrawing from making offers on paddock cattle this week.
Bids in the market for heavy flatback feeders in Queensland yesterday were in the 420s (c/kg) but little business was being done at those rates, Beef Central was told. Small numbers of transactions were happening around 440-450c, but remained ‘under pressure.’
Some supply chain…
