THE gap between light and heavy feeder steers has well and truly closed in recent months, with the cost of gain equation making it cheaper to buy kilograms than put them on with a grain ration.
Cattle prices have taken a big slide in the past month, with the benchmark Eastern Young Cattle Indicator yesterday dipping below 400c/kg carcase weight before the Roma results came in and pushed it above 400 to close the day.
While the prices have been on the decline, heavier weight feeder cattle have been slightly more expensive, per kg, than the rest.
Peter Daniel
Queensland-based Grant Daniel…
