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Showing 10 results of about 336 for 'cattle comments' :
  • CATTLE
  • NATIONAL

Friday, March 27, 2020

Surge in throughput puts a dampener on prices

A rush to offload cattle this week has seen yardings surge and domestic cattle prices probe lower. Processors appear to be increasing their activity in response to domestic demand for red meat and offshore beef export prices lifted on supply chain concerns and consumer stockpiling.

http://www.mecardo.com.au/commodities/cattle/market-comment/surge-in-throughput-puts-a-dampener-on-prices.aspx
  • CATTLE
  • NATIONAL

Friday, March 20, 2020

Supply up on Covid concerns

The stellar run for the Eastern Young Cattle Indicator (EYCI) came to a halt this week, with increased yardings forcing the EYCI lower. What wasn’t taken into account, however, was the tanking Australian dollar seen late in the week, which should add support.

http://www.mecardo.com.au/commodities/cattle/market-comment/supply-up-on-covid-concerns.aspx
  • CATTLE
  • NATIONAL

Friday, March 13, 2020

Supermarket shelves cleared and saleyards are bare too

Not a day goes by at the moment without a fresh picture on social media of empty supermarket shelves after a wave of panic buying. Despite record price levels for many categories of cattle saleyard throughout numbers remain fixed at the bottom end of the normal seasonal range signaling the incentive to hold and rebuild stocks is growing among producers.

http://www.mecardo.com.au/commodities/cattle/market-comment/supermarket-shelves-cleared-and-saleyards-are-bare-too.aspx
  • CATTLE
  • NATIONAL

Friday, March 06, 2020

Record EYCI despite weakening export demand

We know that grass fever trumps weak export demand, and this week we have seen it in spades. Despite declining export beef values, the Eastern Young Cattle Indicator (EYCI) hit a new record on the back of rampant demand and tight supply.

http://www.mecardo.com.au/commodities/cattle/market-comment/record-eyci-despite-weakening-export-demand.aspx
  • CATTLE
  • NATIONAL

Friday, February 28, 2020

EYCI solid, but fat cattle stall on processor concerns

Increased cattle yarding across the eastern seaboard hasn’t slowed demand for young cattle this week but concern over export markets and the prospect of tighter margins appears to be slowing meat works appetite for finished cattle.

http://www.mecardo.com.au/commodities/cattle/market-comment/eyci-solid-but-fat-cattle-stall-on-processor-concerns.aspx
  • CATTLE
  • NATIONAL

Friday, February 21, 2020

EYCI closing in on a record

The rain keeps coming, and there is more on the forecast, this time for areas which have missed out to date. The positive price response moved into its sixth week and is showing few signs of slowing.

http://www.mecardo.com.au/commodities/cattle/market-comment/eyci-closing-in-on-a-record.aspx
  • CATTLE
  • NATIONAL

Friday, February 14, 2020

Corona weighing on export prices, but domestic impact limited

Concerns over the Corona virus spread has softened beef export prices in recent weeks, but tight supply and favourable rainfall has limited the impact on cattle prices at a domestic level. Australian beef exports for January were healthy, but an inability to get Corona under control could see export flows impacted in the coming months.

http://www.mecardo.com.au/commodities/cattle/market-comment/corona-weighing-on-export-prices-but-domestic-impact-limited.aspx
  • CATTLE
  • NATIONAL

Friday, February 07, 2020

Rain on the plain sees cattle price gain

Cattle markets have been waiting for a rain event, and it keeps coming. Average January rainfall has been followed by more rain in Queensland this week, and more is forecast for the east coast this week. If the drought hasn’t broken, price action suggests it is not far away.

http://www.mecardo.com.au/commodities/cattle/market-comment/rain-on-the-plain-sees-cattle-price-gain.aspx
  • CATTLE
  • NATIONAL

Friday, January 31, 2020

Premiums return to young cattle

Widespread and significant rainfall in Queensland has seen cattle markets extend their gains this week aided by a rebound in offshore beef export prices. The added buyer enthusiasm for store and younger stock has seen the Eastern Young Cattle Indicator (EYCI) return to a premium to Eastern Heavy Steers for the first time in a while.

http://www.mecardo.com.au/commodities/cattle/market-comment/premiums-return-to-young-cattle.aspx
  • CATTLE
  • NATIONAL

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.

http://www.mecardo.com.au/commodities/cattle/market-comment/cows-the-star-but-eyci-at-22-month-highs.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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