Volatility and uncertainty but supply remains the driver
Easter usually leads to plenty of variation in saleyard indicators. With some sales not running due to the break and processors closing for some extra days, it is hard to get a handle on pricing. This week we saw some falls for slaughter cattle, but feeders found some support. Figure 1 shows cattle slaughter took […]
Smallest offering since 2009
Originally this week was scheduled as the Easter recess, however a decision was made to provide an additional selling opportunity for growers on the back of the malware attack earlier. After brokers encouraged clients only to offer if they were genuine sellers, 15.5% of the original roster was withdrawn resulting in just 18,097 bales making […]
