Friday, August 17, 2018
Drop in throughput not enough to shore up EYCI.
Declining saleyard cattle volumes this week were not able to provide a floor to price movements for younger cattle with the Eastern Young Cattle Indicator (EYCI) extending its losses another 2.5% to close yesterday at 450.5¢/kg cwt.
Friday, August 10, 2018
New low for the EYCI.
The little rally for the Eastern Young Cattle Indicator (EYCI) is well and truly over. The dry weather concerns have taken over and are seeing the downtrend resume. Interestingly, yardings were also very low, which means demand is likely the issue.
Friday, August 03, 2018
Cattle price support dries up.
An unfriendly rainfall forecast from the Bureau of Meteorology (BOM) for August has seen a lift in cattle numbers at the sale yard. Most notably, increased yarding levels in NSW and Queensland have seen cattle prices hit the skids again this week.
Friday, July 27, 2018
Heavier cattle performing better than last year.
Cattle prices managed to hold their ground this week, which is not unusual for this time of year. There are interesting figures for some categories, notably cattle with weight, as they are now more expensive than this time last year.
Friday, July 20, 2018
Prices hold up well despite increased throughput.
A surge in cattle yardings in Queensland this week encouraged the broader East coast yarding levels higher. However, the increased supply at the sale yard is doing little to dampen buyer interest as all categories of East coast cattle indicators, other than the EYCI, managed a firmer result.
Friday, July 13, 2018
It seems 500 is the key level.
Last week it was young cattle prices on the rise, this week its supply. Young cattle yardings jumped higher as growers took the opportunity provided by higher prices to offload more cattle.
Friday, July 06, 2018
Back through 500 for the EYCI but heavies doing better
A bit of precipitation and weakening supply has seen cattle prices continue to rally this week, with the Eastern Young Cattle Indicator (EYCI) breaking back through the important 500¢ mark. Slaughter cattle prices also improved, as supply goes into its usual winter hibernation.
Friday, June 29, 2018
No World Cup dive for our cattle prices.
It does seem fashionable to take an easy dive now with the World Cup in full flight. Alas, the Socceroos are out and our ovine market commentator was right, I was up bleary-eyed mid-week to see the crashing exit. But at least there is something to cheer about when it comes to cattle prices this week.
Friday, June 22, 2018
Cow prices responding to margins.
Cattle markets continue to defy the dry weather, remaining steady for another week despite supply picking up. In general, prices were steady but there are signs of things turning around in the short term thanks to weakening supply.
Friday, June 15, 2018
Elevated, but softening throughput supports prices.
The shortened week due to the Queen’s Birthday holiday saw cattle throughput soften to the lowest weekly level in over a month and a half across the East coast which provided a floor to most categories of cattle. The Eastern States Young Cattle Indicator (EYCI) gained a meagre 0.5% to close at 479.25¢/kg cwt.