7 years ago

Live cattle export prices to Indonesia drop below $3 per kilo for first time since 2015

Live export prices for cattle shipped out of Darwin have slumped below $3 per kilogram for the first time in two-and-a-half years, as Indonesian feedlotters struggle to turn a profit. Katherine livestock agent Paul McCormick said a combination of factors, including Indonesian feedlotters stocking cattle in preparation for religious festivals, had led to "subdued interest" from exporters. Lower demand unusual for this time of year Prices for feeder steers ex-Darwin first breached the historic $3 per kilogram mark in October 2015 and by early 2016 exporters were paying $3.70 per kilogram. While prices may have dipped below $3 per kilogram for the first time in 30 months, Mr McCormick said summer rain in northern Queensland had prevented a further plunge in price for NT beef producers.

ABC

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