Cows command high prices on a tight beef outlook
Tighter supply saw prices improve across the board this week. Notably, processors shifted their attention to cows, with heavy cows, in particular acquiring solid price improvements. The young cattle market in the east picked up an additional 22¢ on the week to see the EYCI at 603¢/kg cwt. In the West, young cattle have held […]
Tricky start to season 2024/25
It was a tough start to the 2024/25 auction season, as the majority of price categories declined. As a result the Eastern Market Indicator declined 20¢ to 1125¢/kg, its lowest point since mid-October 2020. Declines were steepest at the finer end of the spectrum in all three markets. In Sydney, 17MPG lost 51¢ to 1630¢/kg […]
800 club for the heavy ones
Prices were up across all of the indicators, driven by a tightening of supply with yardings down and strong demand from the buying field. Widespread showers across the nation for the week will continue to fill the moisture profiles of pastures and restocker optimism. The Eastern States Trade Lamb Indicator was up 3% to just […]
The wheat ride far from over
The market appears to be uncertain which direction to move. Early harvest results are mixed creating some uncertainty, but the arrival of new crop into the pipeline is providing an undoubtedly bearish influence. As a result, CBOT futures are relatively unchanged for the week. Russia remains an enigma. Despite all the talk of damage to […]
