All hands on deck clearing cattle

Young cattle prices have bounced back after the recent rain, improving 28ȼ to 626ȼ/kg cwt. While rain helps limit the flow of cattle at one end of the supply chain, at the other, plenty of beef is on deck and headed overseas. The story at Roma and Dubbo was big yardings and keen demand for […]

A good week before Good Friday

It was a good week before Good Friday as most indicators improved. With processors being very busy the last few weeks, the appetite for both heavy and light lambs appears resilient in a dearer market. Restocker lambs much like the rainfall in South-Eastern Australia was lower than hoped. At the time of publishing, Light lambs […]

The cattle market bungee jump

Cattle on Feed

In the last 6 months, the cattle market has acted like a bungee jump. Big supply on the way down and big demand on the way back. With signs out of the US getting more positive by the week, many will be wondering why we are still on the way back down. The throughput to […]

Cheaper Tuesday halts market gains

Sheep

The Sydney pass in rate for the week averaged 2.1% in an indication that buyer demand is strong at this level of supply and sellers are happy to part ways at the current market pricing. With the southern market enjoying the public holiday break,demand was strong in Sydney on Monday, with the broader categories achieving […]

$146 million worse off

Sheep in paddock photo by Jessa Bottrill

Smaller volumes this week meant that the national offering total year-to-date is essentially on par with the same time last year. As per AWEX reports, the value of wool sold at auction this year to date is now $146 million less than last year which highlights the impact of the decline in fine wool premiums […]

Wool market catches its breath

Prices at the finer end easing and broader categories firmer was a characteristic of both the Sydney and Melbourne markets this week, as has been the case (for the most part) this season. With all micron categories declining recently, it becomes easy to lose sight of the underling trends driving the market and become fixated […]

The Endless (Supply) Summer

Despite another drop in throughput, the lamb and sheep market this week was showing signs of supply fatigue in what has been a red-hot start to the year. On the East Coast, combined lamb and sheep yardings for the calendar year to date have already exceeded 2 million head which is significantly higher than the […]

Feeder Frenzy

Strong Queensland cattle supply hasn’t dented the market as the uplift in confidence continues. Whilst we are seeing a “Feeder Frenzy” at the yards, Processors have followed suit as YTD East Coast slaughter has grown 10% Year on Year so far in 2024. After weather interruptions last week, the saleyards in Queensland were chock full […]

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 […]

Feeders enter the fray

northern cattle

Whilst a week-on-week increase in supply is not a surprise as the trade returns from the break, it’s clear that the resurgence of restocker demand has motivated auction participation by those offloading cattle. East Coast yardings this week per the NLRS were reported at 56,836 head, which is 46% higher than the 5-year average for […]

2024 opens the batting with a 50K offering

A 50k bale offering greeted buyers to start the calendar year but the East Coast market absorbed the pressure of supply to end this week’s innings. Both volume and the level of variability of quality were significant on the East Coast, resulting in an overall mixed result as the week progressed.  It’s fitting that on […]

Rate decision benefits sellers

The Reserve Bank’s decision to hold the cash rate was an early Christmas gift to many in Australia, but the wool market was an immediate beneficiary as auction momentum ramped up on Wednesday and Thursday. The AUD/USD exchange rate has played a critical support role for commodities this year and recent upward movement has impacted […]