AS the United States beef industry descends deeper into its drought liquidation-driven cattle shortage, US feeder cattle prices have risen dramatically in relative terms against Australian equivalent feeders.
As the graph above shows, US feeders are now at all-time record highs, worth two and a half times what they are in Australia, when measured in Australian currency.
Australian feeder cattle prices have deteriorated sharply during 2023, with the NLRS feeder steer indicator (saleyards-based) sitting on Friday at 303c/kg liveweight – its lowest point since 2020. The indicator is down…
