SUPPLY chains dealing in Wagyu cattle and beef under forward contracts are coming under considerable pressure, given the dramatic decline in market value for F1 feeder cattle since December.
Quotes obtained on F1 heavy feeders in the southern Queensland market this morning were around 550c/kg on steers, and 500c/kg on heifers. Some isolated steer quotes closer to 600c have been reported, but those figures are again for long-term, committed suppliers only, apparently.
People outside the regular supplier networks are finding it much harder to find a home for F1 feeders at anything like…
