PROFIT margins on turning over cattle have continued to tighten all year as the shift to restocker dominance around the rails took an increasingly firm hold.
As producers have looked more and more to source lower weights to maximise their trade profits, the price of smaller steers and heifers has been pushed even higher.
That has brought unexpected volumes out of the woodwork, particularly where it combines with dry conditions taking a grip.
Meat & Livestock Australia analyst Stuart Bull presented fascinating profit ratio analysis on yearling steers to a Productivity and Profitability webinar, hosted by Aggregate Consulting this month.
In 2019, feedlots were buying young cattle at a premium on the back…
