Falling northern Australian feeder cattle prices usually prompt an increase in export cattle shipments to Indonesia, but that hasn’t really happened this year as demand side challenges subdue trade activity.
The Girolando Express loading in Darwin. Picture: NTLEA
Prices for northern export feeder steers have fallen more than 40 percent so far this year, from over $5/kg liveweight at Christmas to around $3.10 now (but with a fair spread – more on current pricing below)
However, rather than triggering more orders, the lower prices have been accompanied by a 35 percent drop in the number…
