By Augusto Semmelroth | Source: MLA's NLRS
While the benchmark 100-day grainfed cattle indicator (QLD) has been largely flat since November last year, heavy steers have been posting a solid recovery in the last three months. This has seen the grainfed premiums shrinking at a rapid pace during the period. Victoria continues to lead the way with the state heavy steer indicator now at parity with 100-day grainfed cattle.
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