Tough going for young cattle
Dry conditions across much of Australia have seen a continued influx of cattle through selling centres across the country as well as over the hooks. While there are slight positives in certain areas, cattle prices have maintained a downward trajectory, which will require good rainfall across key cattle regions to turn around. With young cattle […]
Slip & Slide
Cattle markets have continued to slide backward, despite reduced supply pressure as yardings fall. Cow prices in particular have been hammered, with the monthly change hitting an eyewatering 30% fall. The Eastern Young Cattle Indicator (EYCI) slipped back again by 8¢ (-1%) this week to finish the week at 579¢/kg cwt. The usual suspects of […]
Percentiles – May 2023
Mecardo’s Percentiles update for May 2023 Click below to view the latest report Grains Oilseeds Sheep and Lambs Cattle Wool Dairy Fuel Percentiles are an important tool for assisting in the decision-making process. They can provide an indication of the range in which prices have moved and how much time they have spent at varying levels. […]
Buyers market for cattle
The recent slump in prices and increased availability of cattle as mustering activity in QLD intensifies have encouraged another increase in supply to the yards this week. However, demand seems to be waning, as feedlots work through recent purchases, and slaughter volumes show signs of stalling. The Eastern Young Cattle Indicator (EYCI) saw another significant […]
Supply subsides
The strong supply pressure we saw over the last couple of weeks has abated, but it’s clear that demand is probably weakening, as prices are still slipping across the board. Signs are that processors are possibly hesitating as they assess the situation both here and abroad before continuing to take in elevated volumes of cattle. […]
Praise to lamb
Lamb consumption tends to be influenced by ethnic, cultural, and religious drivers, which can create a highly seasonal pattern of demand. The question is at what times of the year is the lamb market primarily influenced by the religious calendar? Some religious calendars feature multiple celebrations and festivities which call for a special meal to […]
Cows crash to Earth
Another week of heavy supply pressure has caused cattle prices across all specifications to buckle again, with signs emerging that the market has had its fill of even finished cattle this week. Buyers are recognising that there could be better value to be had in the coming weeks. The Eastern Young Cattle Indicator (EYCI) crumbled […]
Supply surge hits cattle markets
May marks the month when supply traditionally peaks for the winter, and true price direction is revealed after the disruption of April’s holidays. The result has been the biggest weekly surge of supply seen since November 2020, and young cattle prices have dipped accordingly. The Eastern Young Cattle Indicator (EYCI) buckled under pressure, shedding 24¢ […]
Wheat crashes and China dumps US corn
The bullish news is all unwinding, with a huge Russian grain crop expected and the weather improving in the US. Elsewhere China cancels a cargo of corn, causing cereal prices to fall, meanwhile, the EU is busy banning Ukrainian grain imports as local producers stage protests. It was a terrible week for wheat, with DEC-23 […]
Is rosy US 90CL outlook grinding to a halt?
Both cattle supply and pricing softened across the country, with the EYCI hitting a new record low during the week. With ANZAC day this week causing some saleyards not to operate, and processors to skip a day; the minds of many turned away from the markets to honour our fallen veterans. The Eastern Young Cattle […]
Pent up demand prevails
As we returned to a full week, a huge influx of supply hit the markets, and the pent-up demand of returning buyers soaked it up with ease; with prices rising across the board. US 90CL prices are rising now, but the cessation of US COVID-19-related social support in May casts a dark cloud over consumer […]
Percentiles – April 2023
Mecardo’s Percentiles update for April 2023 Click below to view the latest report Grains Oilseeds Sheep and lambs Cattle Wool Dairy Fuel Percentiles are an important tool for assisting in the decision-making process. They can provide an indication of the range in which prices have moved and how much time they have spent at varying levels. […]
