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Showing 10 results of about 311 for 'cattle comments' :
  • CATTLE
  • NATIONAL

Friday, September 13, 2019

Support for young cattle drying up

The young cattle price slide continued this week as the lack of rain saw price support dry up further. There were no falls for finished cattle however, as demand continues to respond to rising export cattle prices.

http://www.mecardo.com.au/commodities/cattle/market-comment/support-for-young-cattle-drying-up.aspx
  • CATTLE
  • NATIONAL

Friday, September 06, 2019

Climate outlook and supply weigh on prices

Increasing cattle slaughter and yarding levels heading into early spring have seen cattle prices continue to soften this week for most categories. Further weighing on the general sentiment was the updated three-month rainfall outlook from the Bureau of Meteorology which points to a long dry period ahead for much of the country.

http://www.mecardo.com.au/commodities/cattle/market-comment/climate-outlook-and-supply-weigh-on-prices.aspx
  • CATTLE
  • NATIONAL

Friday, August 30, 2019

Support found at 500¢

Despite rising slaughter rates, and more dry weather, the Eastern Young Cattle Indicator (EYCI) managed to find some support at 500¢. The demand from export markets remains rampant, with slaughter cattle prices hitting new peaks.

http://www.mecardo.com.au/commodities/cattle/market-comment/support-found-at-500c.aspx
  • CATTLE
  • NATIONAL

Friday, August 23, 2019

The market didn’t like the forecast either

Last week we looked at the Bureau of Meteorology (BOM) spring rainfall forecast and it would seem the market looked at it as well. Young cattle prices took a dive this week, but finished cattle prices maintained their strength.

http://www.mecardo.com.au/commodities/cattle/market-comment/the-market-didnt-like-the-forecast-either.aspx
  • CATTLE
  • NATIONAL

Friday, August 16, 2019

Brown is my least favourite colour

The first sneak peek at the spring rainfall outlook issued by the Bureau of Meteorology (BOM) yesterday paints a grim picture for cattle producers and you could say it’s a crappy forecast on account of all the brown patches spread across the country.

http://www.mecardo.com.au/commodities/cattle/market-comment/brown-is-my-least-favourite-colour.aspx
  • CATTLE
  • NATIONAL

Friday, August 09, 2019

Yardings stronger but demand holding up

The yearly peak for the Eastern Young Cattle Indicator (EYCI) has drawn out more young cattle, but demand was up to the challenge. With young cattle yardings reaching a four month high, the EYCI managed to hold its strength.

http://www.mecardo.com.au/commodities/cattle/market-comment/yardings-stronger-but-demand-holding-up.aspx
  • CATTLE
  • NATIONAL

Friday, August 02, 2019

Southern restockers starting to nibble at EYCI

A recent discussion with some livestock industry representatives this week suggested that in the southern regions, at least, restocker buyers were becoming more active. Certainly, the Eastern Young Cattle Indicator (EYCI) continues its grind higher closing at 532.5¢/kg cwt yesterday, up 1¢ on the week. But is it being supported across the eastern seaboard or by southern restockers?

http://www.mecardo.com.au/commodities/cattle/market-comment/southern-restockers-starting-to-nibble-at-eyci.aspx
  • CATTLE
  • NATIONAL

Friday, July 26, 2019

Some normal seasonality returning

There has been more rain in the far south and nothing to speak of in the north, yet the Eastern Young Cattle Indicator (EYCI) continues to climb. This week we saw the EYCI hit a new 2019 high, and tip just past the five-year average.

http://www.mecardo.com.au/commodities/cattle/market-comment/some-normal-seasonality-returning.aspx
  • CATTLE
  • NATIONAL

Friday, July 19, 2019

Sideways – not just a movie about sad old men

The Eastern Young Cattle Indicator (EYCI) managed to eke out a limited gain this week, lifting 4.45¢ to close at 520¢/kg cwt. Limited rainfall across much of the nation, except Victoria, acted as a headwind. Meanwhile, tightening supply across the east coast stopped the market from tanking too much.

http://www.mecardo.com.au/commodities/cattle/market-comment/sideways-not-just-a-movie-about-sad-old-men.aspx
  • CATTLE
  • NATIONAL

Friday, July 12, 2019

Season high for EYCI

The Eastern Young Cattle Indicator (EYCI) is finally having a go at its winter rally. Seasonal conditions are on the improve in the south and it appears restockers might have decided it is time to take on some risk.

http://www.mecardo.com.au/commodities/cattle/market-comment/season-high-for-eyci.aspx

Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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