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.
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.
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.
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.
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.
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.
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.
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.
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.
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.