The number of yearlings purchased by feedlots at saleyards have been declining since May, according to Meat and Livestock Australia.
It says that when compared to the same time last year, the total number of yearlings secured at physical markets by feedlotters is down 12pc.
MLA reports that this has been a result of the high cost of feed, plus the strong value of the Aussie dollar, which has impacted on the competitiveness of Australian grainfed product in export markets.
The increased activity by feedlots during spring last year has yet to be replicated in 2008.
However, feeder buyers were noticeably more active at the larger Dalby, Qld, sale this week where they secured 42pc more yearlings than the week before, at prices 2¢- 5¢/kg dearer.
The national feeder steer indicator lifted this week, albeit only 1¢ to 189¢/kg (live).
Compared to last year the indicator is currently 23pc higher.
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