MLA - Meat & Livestock Australia Limited

05/13/2021 | News release | Distributed by Public on 05/12/2021 21:05

Revised indicator to be released next week

Revised indicator to be released next week

13 May 2021

Key points:

  • MLA is releasing its revised Feeder Steer Indicator on Monday 17 May
  • The weight ranges and fat scores have been expanded to better capture cattle being sourced by feedlots in the current environment
  • The changes make for a more accurate and relevant indicator.

The feeder market is a growing segment of the Australian cattle supply chain, with the Feeder Steer Indicator used by a range of stakeholders to inform and guide important business decisions. As such, a more robust, relevant and accurate indicator is required to ensure the long-term success of the industry by enabling more informed business decisions.

The previously used Feeder Yearling Steer Indicator will be updated on 17 May and referred to as the Feeder Steer Indicator. This change will precede a broader review of all MLA's existing indicators, as well as the development of new ones to better support an ever-changing industry.

The changes in the specifications are outlined below.

To learn more about the changes and how these will improve the accuracy of the indicator, see this fact sheet.

© Meat & Livestock Australia Limited, 2021

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