Friday, January 24, 2020
Cows the star but EYCI at 22 month highs
We haven’t seen an early January price rise for a few years, largely due to a lack of summer rain. This year we’ve seen store and cow markets lift in early sales as rain tightens supply and bolsters demand.
Friday, January 17, 2020
Have you (ever) seen the rain?
“Someone told me long ago. There's a calm before the storm. I know it's been comin' for some time” and it arrived this week with some excellent rainfall to many areas in need. Combined with an improved three-month outlook from the Bureau of Meteorology (BOM) it helped give cattle markets a lift for the first trading week of 2020.
Friday, December 20, 2019
Finishing at a low but forecasting a better start
There is an argument to say you can’t take much notice of markets in the last week of trade before Christmas. Buyers are winding down in anticipation of closures, and sellers generally try to avoid selling because of that. Cattle producers will be hoping this week’s price declines aren’t indicative of what is to come in the New Year.
Friday, December 13, 2019
The record cow values didn’t last long
Just a month ago Cow prices were over 500¢, and almost the same price as the Eastern Young Cattle Indicator (EYCI). This week cow prices continued to tank, while other cattle types largely held their ground.
Friday, December 06, 2019
Cattle supply overcoming export demand
There have been no real movements in strong export beef prices in recent weeks, but cattle prices have been on the decline in saleyards. It seem slaughter capacity might have been reached, and with processors booked up until Christmas, demand at saleyards is on the wane.
Friday, November 29, 2019
Record spring yardings dampening prices
Cattle prices continued to ease this week in the face of more rises in export markets. There is little doubting the driver behind lower saleyard prices, with the season yet to break and relatively strong prices drawing out supply.
Friday, November 22, 2019
ASF pressure sees EYCI-90CL spread to widest discount
US based consultants Steiner, published by Meat and Livestock Australia, report a surge in the 90CL imported beef export price as panic buying sets in under strong African Swine Fever (ASF) induced demand pressure. Despite the big leap forward in the 90CL, domestic Australian cattle values softened across the board this week as the poor outlook for rainfall continues to bite.
Friday, November 15, 2019
Strong supply meets rampant demand
Cattle supply has shown no signs of slowing in recent weeks, with slaughter still running hot, but prices continued to rise. As outlined earlier in the week, supply is outstripping demand at the moment, forcing counter seasonal price rises.
Friday, November 08, 2019
May I have some more please?
Isn’t it great to see rain falling to parts of NSW and Queensland that have been missing out for some time? Certainly, cattle markets have responded kindly, but we really need to see more rainfall to get the confidence of restockers to re-engage with the market in a meaningful way.
Friday, November 01, 2019
No real reaction to rain forecast -yet
This time last week we were bemoaning the lack of rainfall on the forecast, and predicted more sideways action in markets. They say a week is a long time in football, well it seems to take forever when rain comes on the forecast and we wait for it to fall.