(Soy) Bean counters at odd’s over South American production
Following on from last week’s article, this week still has a distinct soybean ‘flavour’ to it. The market collectively held its breath for the release of the February WASDE report. The fact the reports production numbers were well inside analysts estimates proved to be something of a let down. The interesting thing about this is […]
Market absorbs supply boost
There was a return to relatively normal supply last week, but the market held its ground against the big lift in numbers. AuctionsPlus reported last week that it was their largest volumes of cattle on offer since April 2021 with an abundance of ‘mid-weight steers, heifers and PTIC breeders’ lifting the overall supply numbers. Larger […]
Processing picks up
In promising signs for the sheepmeat supply chain, the latest slaughter figures suggest that capacity limitations in meatworks have eased. This didn’t translate to stronger competition at saleyards this week though as prices were generally softer. 33,4657 lambs were processed in the east last week which was an 18% jump on the week prior, 14% […]
Superfine & Cardings buck downward market
The recent positive market movement came to a halt this week, with almost all sectors losing ground. An increased offering as a result of the recent rises proved too much for the trade to absorb with price reductions across the board, and a resulting sharp increase in the pass-in rate. The Eastern Market Indicator (EMI) […]
