Export steers in the NT. Picture: Tom Dawkins, NTLEA
A THREE-year run of record high prices for northern export feeder cattle appears to be drawing to a close as increased cattle supply following successive years of herd rebuilding and reduced demand in key markets put downward pressure on rates.
The first cattle import permits for 2023 have only just been released to importers by the Indonesian Government this week, and the lack of trade activity so far in January is obscuring opening price levels for the new year.
Prior to Christmas, a busy end to 2022 saw feeder Brahman steers exported…
