QLD weather causes a kink in the chain
Buyers and sellers continue to lean into a rising market as the supply outlook is re-assessed. Cattle prices rose across the board this week, with the market edging closer to year-ago levels for some categories. The Eastern Young Cattle Indicator (EYCI) picked up an additional 23¢/kg cwt this week to settle at 667¢/kg cwt. The […]
Mutton marches on
A full sales week saw an increase in yardings as expected and prices tended to move down slightly across the indicators. In positive news for mutton, despite a significant lift in yardings the price finally cracked the 300 c/kg threshold. Meat & Livestock Australia NLRS data shows that the month of January started very strong […]
Foot off the gas?
Auction volumes to begin the calendar year have been elevated but market activity on both sides looks to be easing as we approach a period of seasonal supply and demand growth. Just 8,431 bales were offered in the Northern market this week which contributed to the relatively low 7% pass-in rate. Bidding held firmer at […]
