MLA: Heavy Steer Prices Surge Toward Record Highs
Australia’s National Heavy Steer Indicator climbed to 465.29¢/kg liveweight (lwt) on Thursday, placing it among the highest levels ever recorded.
The price sits just below the record of 471¢/kg lwt set in October 2021, but has already surpassed other historic peaks, including 464¢/kg, which was reached in November last year.
Demand for finished cattle
The surge in prices reflects persistent processor demand for finished cattle – particularly well-finished grassfed animals – even as national cattle production remains elevated. Usually, high production and slaughter volumes would suppress prices...
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