WHILE lotfeeders are enjoying price relief in feeder cattle procurement through winter, a declining trend in forward pricing on 100-day grainfed slaughter cattle this year and rising feedgrain prices are keeping trading budget margins squarely in the red for the time-being.
There’s been a small 12c/kg recovery in the NLRS feeder steer indicator (saleyards based) over the past four weeks, sitting today at 321c/kg. That’s still more than 130c/kg behind this time last year, when the feeder market was still red-hot.
The market for heavy flatback feeders bought out of the paddock ex…
