Friday, February 16, 2018
A lot of young cattle on the market
Young cattle yardings are building. This week Eastern Young Cattle Indicator (EYCI) yardings hit an 8 month high, and prices reacted accordingly, drifting lower, and heading back towards the low set in the spring.
Friday, February 09, 2018
It’s a topsy turvy market
Some very solid rainfall in Queensland this week, yet this was unable to inspire trade cattle prices there as high throughput weighs on the market. In contrast, NSW and Victoria broadly missed out on any rain yet surprisingly throughput was below average and trade cattle prices firmed.
Friday, February 02, 2018
A little bit of rain and steadying prices
There was a bit of rain about in the south this week, and the markets stopped falling, and even gained some ground in some categories. There is good rain forecast in Queensland over the coming week, so we might expect a bit more upside.
Monday, January 29, 2018
Limited wet in North brings forward supply.
Weekly supply statistics showed a fairly normal pattern for the start of the season, with East coast figures hovering near to the longer term seasonal averages. Although Queensland and NSW throughput were slightly elevated for this time in the year as the Northern wet season continues to be delayed, weighing on prices.
Friday, January 19, 2018
All the data is in.
For the first time in over a month we have the full suite of Meat and Livestock Australia (MLA) data to analyse. Even with all the data, the conclusions look the same. Markets are easing slightly thanks to a lack of moisture and a rising Aussie dollar.
Friday, January 12, 2018
On your marks, get set…
The majority of saleyards have reopened now to start the 2018 season and while there is limited reporting of state by state cattle categories undertaken by Meat and Livestock Australia this week, there is enough in the major saleyard reports to kick off the Friday market comments for the new year.
Friday, January 05, 2018
Little data around but it’s all down for cattle.
Cattle sales were thin and far between this week, with only a few saleyards operating. The Thomas Foods International (TFI) fire won’t have as big an impact on cattle as it will on sheep, but we’ve already seen reports of weaker prices in the face of the uncertainty.
Friday, December 22, 2017
The year of the sheep follows the year of the cow.
With Meat and Livestock Australia’s market indicator department shutting up shop last Friday, it’s a good opportunity to take a look at some individual saleyard pricing. Given the lack of data, we’ve combined sheep and cattle this week. We’re in the interest of time saving at this busy time of year.
Thursday, December 14, 2017
Waning export values draining the impetus from cattle
It was another poor week for beef export values, and cattle prices reacted accordingly. As we reach the end of the year attention will turn to weaner sales in Victoria, with the main fundamental which will swing the market being rain in Queensland.
Friday, December 08, 2017
A stagnant cattle market not moved by rain.
While lamb and sheep prices have reacted to the rain in Victoria and New South Wales, the heavy falls didn’t make it to Northern NSW and Queensland. As a lot of cattle come out of this area at this time of year, national indicators were stagnant.