Easing grain prices offer lotfeeders relief

By Angus Brown, Mecardo
March 30 2019 - 6:00am
FIGURE 1: Northern grain-fed inputs verse sale price. Apart from a bit of an abnormal one week peak, the Over the Hooks 100 day grain-fed steer Indicator has been largely steady around 550c/kg cwt for much of the year. Softening input costs have offered some relief for lotfeeders.
FIGURE 1: Northern grain-fed inputs verse sale price. Apart from a bit of an abnormal one week peak, the Over the Hooks 100 day grain-fed steer Indicator has been largely steady around 550c/kg cwt for much of the year. Softening input costs have offered some relief for lotfeeders.

Falling young cattle prices, combined with lowering grain prices have offered respite to some lotfeeders in the last couple of months. However, with the forecast rain on the way and little improvement in grain supply in the short term, there could be some interesting times ahead for cattle feeders.

Get the latest Farmonline news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.