Supply and demand conflict looms

By Colby Ede
Updated February 1 2017 - 10:32am, first published 10:01am

With the slowdown at this time of year for live export shipments out of Broome and Darwin, north Queensland has remained busy with export orders out of Townsville. After a busy December, January has seen significant export orders – nine separate shipments and counting. This sustained demand over the last several weeks has seen prices for feeder steers destined for Indonesia rise to $3.60, and feeder heifers to $3.30. This significant increase in pricing has seen many producers go mustering in the heat and threat of rain to take advantage of this spike in the market.

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