Way out west with the money
Western sellers put their best foot forward and the buyers did not want to be found wanting as lower supply driven by pre-sale withdrawals saw prices rise out west this week. Across the Nullarbor, broader categories rallied this week in Melbourne to lend support to the Eastern Market Indicator (EMI) which rose ever so slightly, […]
Slaughter space shifts to sheep
With ample supplies of sheep and much cheaper prices this year, a large portion of kill space is being allocated to mutton. This week mutton prices found some support while the lamb job was a mixed bag. The Eastern States Trade Lamb Indicator (ESTLI) shed another 11¢ this week to end at 653¢/kg cwt, down […]
Banks, boats & Brazil drive a slump
Markets have had a rough week. Concerns about financial instability around the globe became increasingly front of mind with the forced merger of Credit Suisse and UBS, and the collapse of two US banks. Add to that, the renewal of the Black Sea Grain Initiative and a big harvest in Brazil has added to price […]
Rain delay over as supply bounces back
Cattle prices softened across the board this week as supply returned in Queensland and Victoria. On the upside, slaughter demand remains strong, and US boneless beef prices continue to rise as US cow slaughter declines. The Eastern Young Cattle Indicator (EYCI) backtracked another 13¢ (2%) this week, coming to rest at 669¢/kg cwt. Prices for […]
