Friday, January 18, 2019
Not the greatest start to 2019
The first full week of cattle sales for 2019 provides limited cheer after the festive break with all key reported categories along the east coast registering price falls. There was a glimmer of hope in offshore markets, but the Bureau of Meteorology (BOM) compounded the sad start by giving us a below average rainfall forecast for much of the summer.
Friday, December 14, 2018
Owen brings an early Xmas gift
Rainfall to vast areas of the Eastern seaboard at the latter end of the week, compliments of ex-tropical cyclone Owen, has seen up to 50-100 mm recorded across Queensland, NSW and Victoria. The deluge has given a lift to cattle prices and provided some early Christmas cheer to producers.
Friday, December 07, 2018
Holding pattern continues
Cattle markets continue their holding pattern this week as all eyes are on the forecast, looking for the season breaking summer rains. Finished cattle supplies appear to be easing ever so slightly, and this will support finished prices.
Friday, November 30, 2018
Climate woes as cattle price goes sideways
Terrible fires across Queensland and floods impacting coastal NSW are a cause for concern this week and are taking the focus off cattle markets. At least there wasn’t much to keep an eye on, as sale yard prices across the country remained within a handful of cents of last week’s levels.
Friday, November 23, 2018
Precipitating a boost in prices
Cattle slaughter has been on the rise, but it was no match for a rainfall led price rally this week. Despite this, the Eastern Young Cattle Indicator (EYCI) remains below the same time last year, though there are still some indicators that are beating their 2017 levels.
Friday, November 16, 2018
Prospect of rain brings mixed fortunes
Cattle price movements across eastern states sale yards are a little mixed this week as throughput levels return to seasonal norms and the Bureau of Meteorology (BOM) release their mid-month climate forecast.
Friday, November 09, 2018
Waning restocker demand waiting for more rain.
There has been more rain about this week, but it couldn’t stop the Eastern Young Cattle Indicator (EYCI) falling. Young cattle prices are coming off six-month highs, and we thought the Melbourne Cup was supposed to the stop the nation, but it only stopped a few thousand cattle.
Friday, November 02, 2018
Yarding boost provides headwind on prices
The recent rain has provided a lift to cattle prices last week across the East coast and producers responded this week to the improved prices with increased offering at the sale yard. The extra numbers putting a bit of a dampener on the rally for most categories of cattle.
Friday, October 26, 2018
Rain maintains price gains.
The patchy rain continued this week and so did the price rises. The Eastern Young Cattle Indicator (EYCI) is following a similar trend to last year. In 2017 the October rally lasted through until the end of the year. There is a good chance we are going to see a similar trend this year.
Friday, October 19, 2018
Manna from heaven
Well it doesn’t rain grass, but it was great to see reasonable falls across much of the country this week. It’s not going to green up the pasture right away, but it was enough to get some green splashed across the weekly cattle price movements reported by NLRS as sale yard numbers remain thin for this time in the season.