Bidding in the rain
A decline in supply but a boost to rain gauges to the North saw the cattle market tick upward again this week. This winter we have seen a wave of supply come through after prices improve, but will this rainfall event be enough to create an even stronger wave of restocker demand? Starting up North, […]
Double digit gains in the west
Restockers and trade lambs in the West both had double-digit gains in value this week, all other categories were relatively flat. Total yardings were similar to last week, but there was a shuffle between types, most notably restocker lambs had a 38% increase in yardings. New season lambs continue to build their share of volume […]
Light at the end of tunnel possibly a train
The week started with a whimper and ended with a submissive shrug. An almost perceptible ‘meh’ permeated the CBOT wheat pit after the USDA report was released last Monday. The report printed lower production and ending stocks for wheat – which should have been bullish. This was overshadowed by the record corn production figure and […]