Yardings down since May but year-to-date still higher
The cattle market was a bit of a mixed bag this week, with national indicators headed in both directions, but the take home seems to remain that young cattle continue to trade above month-ago levels. Yardings picked up marginally after last week’s lull and consequential dip in slaughter, as the Eastern Young Cattle Indicator rose […]
Winter weight watchers
Buyers were chasing weight this week in the depths of winter with heavy lambs across the saleyards attracting the most interest. Indicators were a mixed bag this week (see Indicator Table). Restocker lamb indicators experienced the steepest decline, down 29c to 1189c/kg cwt and Heavy lambs bounced back 33c to 1168c/kg cwt. The Eastern States […]
Mixed results as volumes ease
The market remains sensitive to volume changes currently, with a mixed bag for indicators this week and slight improvement overall as volumes eased. The Eastern Market Indicator (EMI) finished 5¢ higher to 1909¢ in Australian Dollar (AUD) terms and up 13¢ to 1325¢ in United States dollar (USD) terms. The bale offering fell by 10% […]
Weather wobbles
All the major agricultural commodities had their turn in the spotlight this week. Corn and soybeans led the AG complex higher early on, driven by weather concerns, while wheat joined the overnight rally ahead of tonight’s USDA report, which is expected to show another reduction in production. The heat in Europe remains the biggest concern […]