QLD Producer Confidence Fires on Forecast while NSW Remains Subdued

This week, Ripley Atkinson, Australian Meats & Livestock Manager at StoneX, examines the forces behind the cattle market, unpacking key drivers across parts of Queensland and the Northern Territory, as well as New South Wales.  Ripley discusses how an impending storm system due this week for large parts of the Northern Territory and Queensland could motivate producer confidence while boosting market activity. He also covers the slump of confidence from New South Wales producers and how slaughter numbers may rebound in Q4 under continued demand from China and South Korea.    To cap off, Ripley unpacks the price spreads between Flatbacks and Southern & Northern Angus feeder cattle, including what these could signify from a demand perspective.