Slaughter at record low. Cows charge the moon.
Coming out of Easter this week, the Eastern Young Cattle Indicator (EYCI) held its ground, still supported by tight supply stemming from continued low yardings levels. Compared to the end of March, most national categories, particularly feeders and restockers, saw respectable gains and medium cows took a running leap at the moon, advancing over 6%. […]
Short sales deliver steady lamb price but mutton on a roll
Short selling weeks tend to generate havoc in livestock markets, especially when it causes already tight supply to get tighter. But while much of the market was steady on price, tight supply has supported values this week, with improvements reported in restocker lamb and firing mutton prices. The slide in the Eastern States Trade Lamb […]
Focus on North America
The news to finish last week was the somewhat surprising USDA stocks and acreage report. Could it be the US farmer is playing a game with the USDA via their survey answers? One way to ensure high prices is to deliberately low-ball the proposed area of an already tight commodity! We are being a tad […]
