Steer for slaughter prices projected to rise 10% by year-end

Prices for replacement cattle “remain firm and high, driven mainly by backgrounders, which narrows profitability margins for feedlots,” said feedlot leader Juan Eiras in an interview with Informe Ganadero. However, short-term prospects are improving, as lower supply between December and February is expected to boost prices for fat cattle destined for slaughter: “We expect an increase of around 10%.”