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  • CATTLE
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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
  • CATTLE
  • NATIONAL

Friday, July 05, 2019

Rising slaughter no dampener on price

Just when you thought cattle slaughter might start to fall as we headed into the depths of winter, the stats prove you wrong. East coast cattle slaughter hit a new four year high last week, with Victoria showing some unusual strength.

http://www.mecardo.com.au/commodities/cattle/market-comment/rising-slaughter-no-dampener-on-price.aspx
  • CATTLE
  • NATIONAL

Friday, June 28, 2019

Dry continues to see prices trend sideways

The Bureau of Meteorology (BOM) released their three-monthly rainfall outlook yesterday and it provided limited optimism for cattle prices to the end of Winter. The dry June across NSW and southern Queensland is not helping much either with elevated supply here keeping a lid on prices this week.

http://www.mecardo.com.au/commodities/cattle/market-comment/dry-continues-to-see-prices-trend-sideways.aspx
  • CATTLE
  • NATIONAL

Friday, June 21, 2019

Southern markets drag EYCI higher

With a full week of sales returning, yardings were up, yet prices managed to hold ground and in some cases rise. Markets appear to be in a holding pattern, waiting for either a break, or lack thereof, before makings another move.

http://www.mecardo.com.au/commodities/cattle/market-comment/southern-markets-drag-eyci-higher.aspx
  • CATTLE
  • NATIONAL

Friday, June 14, 2019

Lack of rain hampering EYCI

Softer cattle prices this week were noted, and impacts were felt most heavily on the younger cattle in the northern markets as the updated Bureau of Meteorology rainfall forecast for the next three months shows a troubling lead into Spring.

http://www.mecardo.com.au/commodities/cattle/market-comment/lack-of-rain-hampering-eyci.aspx
  • CATTLE
  • NATIONAL

Friday, June 07, 2019

Four year high for slaughter but market finding support

Last week we saw a four year high for cattle slaughter, yet this week young cattle prices rallied as supply followed its usual seasonal pattern. There is also some interesting weather on the way, which could help markets on both coasts.

http://www.mecardo.com.au/commodities/cattle/market-comment/four-year-high-for-slaughter-but-market-finding-support.aspx
  • CATTLE
  • NATIONAL

Friday, May 31, 2019

Cattle in a holding pattern

After a few weeks of yo-yoing movements for the Eastern Young Cattle Indicator (EYCI) prices have stabilised this week as east coast cattle supply measures have moved toward more normal seasonal levels.

http://www.mecardo.com.au/commodities/cattle/market-comment/cattle-in-a-holding-pattern.aspx
  • CATTLE
  • NATIONAL

Friday, May 24, 2019

Slaughter still running hot as is 90CL

Cattle markets largely steadied this week, as the yo yo which has been young cattle values stopped to take a look around. Slaughter rates have been running hot, keeping a lid on prices despite the 90CL hitting a 4 year high.

http://www.mecardo.com.au/commodities/cattle/market-comment/slaughter-still-running-hot-as-is-90cl.aspx
  • CATTLE
  • NATIONAL

Friday, May 17, 2019

Young cattle demand dries up, again

A fortnight ago we were talking about the Eastern Young Cattle Indicator (EYCI) yo yo going up. This week the yo yo went down, with young cattle prices falling back towards April lows. When looking for a culprit, it would seem a return to dry conditions might be to blame.

http://www.mecardo.com.au/commodities/cattle/market-comment/young-cattle-demand-dries-up-again.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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