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