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Queensland's cattle sale sees prices surge, while US market anticipates feedlot cattle decrease.
In Queensland, Australia, the Emerald prime and store cattle sale saw strong competition, with feeder cattle prices rising by 10-25 cents per kilogram.
Prices for different categories of cattle reached up to $1,933 for Droughtmaster cows and $1,806 for Brangus cross feeder steers.
In the US, cattle futures fell as traders adjusted positions ahead of a USDA report, which is expected to show a decrease in cattle placed in feedlots.
The US cattle market continues to face high prices due to tight supplies and strong demand, with beef prices increasing over 10% in July.
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La venta de ganado de Queensland ve un aumento de los precios, mientras que el mercado estadounidense anticipa una disminución del ganado de forraje.