Friday, May 18, 2018
Southern rain provides limited relief
The beginnings of the Autumn break in the South has placed a floor under cattle prices during the last week with the Eastern Young Cattle Indicator (EYCI) gaining 1.3% to sit just below 490.5¢/kg cwt. Victoria has received some good rain in recent days but the benefit of this change in weather has not been able to extend further North into NSW.
Friday, May 11, 2018
Good export prices and a little rain not enough.
With the Beef Australia conference on in Rockhampton it looks like buyers pulled up stumps for the week and went north. This was evidenced by further declines across most cattle categories, despite some support coming from export markets.
Friday, May 04, 2018
Rollercoaster throughput sees prices stabilise.
Perhaps producers are responding to the rainfall scheduled for the coming week a little early, but the decline in cattle throughput at the sale yard over the last seven days have seen national cattle prices stabilize. The story is mixed across the states, though broadly speaking the market looks to have found a bit of a base.
Friday, April 27, 2018
Good timing for a short week.
With ANZAC day falling in the middle of the week, cattle supply was well down. Young Cattle yardings halved, and young cattle prices managed to remain steady. Other cattle categories followed a similar trend, as the market treads water waiting for rain.
Friday, April 20, 2018
A sea of red as EYCI dips under 500¢.
A glance at the weekly cattle price changes are an uncomfortable sight both domestically and in key offshore markets. Local prices are under pressure from the weight of throughput, particularly out of NSW and Queensland, while the 90CL beef export price to the US succumbed to concerns of high supply.
Friday, April 13, 2018
It’s a buy opportunity if you’ve got feed.
The Eastern Young Cattle Indicator’s (EYCI) decline continued this week. We’re not seeing finished cattle prices being dragged lower, especially not in the south, as the supply of slaughter ready cattle is weakening due to the dry. It’s not great for young cattle producers, but good news for traders.
Friday, April 06, 2018
Easter lull hits supply.
A short week due to the Easter break has taken its toll on cattle supply with yarding levels and slaughter reflecting the holiday break. Saleyards reported some higher steer prices on the back of the reduced supply, but most other cattle categories trekked sideways in the reduced trade environment.
Thursday, March 29, 2018
Cattle supply is up and so is demand it seems.
Just when you thought the rain in Queensland was starting to tighten supply, we get a week like this. Cattle slaughter was higher everywhere, and this pushed east coast slaughter to 20 month highs. The stronger supply, and limited demand for the coming week, saw prices ease.
Friday, March 23, 2018
Prices succumb to higher throughput.
A jump in throughput across the Eastern seaboard, particularly in NSW and Queensland, put the heat on cattle prices this week with the Eastern Young Cattle Indicator (EYCI) shedding 3% to finish trading yesterday at 544¢/kg cwt.
Friday, March 16, 2018
The rally crashes into a wall of young cattle supply.
It would seem those that were hanging out for stronger prices for young cattle have found them, and are taking full advantage. The only up to date supply data we have is Eastern Young Cattle Indicator (EYCI) yardings, and they made a run this week.