Cattle market Glacial Slide continues
A tiny lift in yardings and slaughter coming off in QLD both subdued prices, leading the market to continue it’s glacial creep lower. The Eastern States Young Cattle Indicator dipped marginally. East coast yardings showed overall sluggish upward movement from the previous week, driven by NSW, and VIC lifting slightly, while QLD and SA drifted […]
Harvest Rally
Last Friday night, the USDA released their July WASDE report. Unlike their acreage report a week earlier, there were relatively few surprises. The one element that surprised a little was the tighter than expected SRW stocks which saw CBOT wheat rally whilst other wheat markets went lower. The general tone of the report continues to […]
Tight supply causes turnaround
The slippery slope that lamb prices were on found a new trajectory this week. While the full loss of recent weeks hasn’t been recouped, very low yardings encouraged a decent bounce across all types. Producers responded to falling lamb prices over the last fortnight by pulling back throughput with the east coast yardings at levels […]
Record young cattle prices still offer reasonable margins
It has been some time since we updated our backgrounding trading margins, in fact, the spreadsheet still had a weaner price of 320¢. Things have obviously moved since then, and uncertainty has hit a high. It turns out there is still money in using grass to put weight on cattle, as long as the grass […]
