Steady as she goes as heifer trade the big draw
The supply of cattle to beef plants has steadied — albeit as much as 20% less per week than a month ago — but processors are not willing to pay more to get extra stock out, except for some flexibility on heifers, for which the price premium over the males has widened further.
The margin between steer and heifer prices has expanded to a demand driven 25 cents/kg — probably the highest premium ever for heifer sellers.
