Another rush to market, and prices plunge.
The cattle markets have produced another downbeat week, with the EYCI plunging again, and processor and medium steers taking another dive. Yardings continue to rise faster than slaughter, and to cap it all off, the dollar is rising which is not promising for the export demand outlook. Not surprisingly, the yardings numbers for last week […]
Aussie crop building to a record
Earlier this week, the December ABARES report made some revisions to Australian wheat production which weighed heavily on the market. Total wheat production is factored at 31.2mmt – the second highest on record. NSW and VIC are both looking at record production with SA expected to reap an above average crop. Based on current deliveries, […]
Steady as she goes
Undesirable export trade news wasn’t enough to disturb this week’s market. Prices were firm for heavy, light and trade lambs, even with an added supply boost from Victoria. Increased throughput from Victoria’s flush isn’t having the typical impact on prices. In fact, all categories of lamb in Victoria ended the week with price improvements. Lamb […]
Little change to report
AWEX reported that on the first day of selling the market saw MPG’s ease by between 1 & 44 cents, however on the final day positive gains were recorded of between 2 & 48 cents. An overall steady week providing much needed stability to the market after the roller coaster ride of the past couple […]
