Northern restocker conquest pushes heifers higher
As seen this week when supply tightens at the yards, young cattle prices spike upward in the current climate. The Eastern Young Cattle Indicator improved 33¢ to 670¢/kg cwt and gave us an indicative look at what the market can do when supply tapers off, but paddocks are getting a drink. From a processors point […]
Here comes the rain again
Spring is coming to an end, but the consequences of the dry southern winter continue to drive the market. The search for weight is creating premiums but will southern rain drum up some interest for the other articles as we approach the end of the year? Merino lambs have missed the boat of the firmer […]
Attention turns to lighter cattle
Rainfall means opportunity and restockers with windscreen wipers on drove an increase in lightweight steer and heifer indicators nationally. The intent of processors as economic conditions and supply fundamentals continue to support the cattle market on the run to Christmas. Supply continues to rise, but reaction to rainfall and some improvement in weight and quality […]
New season lambs cause buyers to ‘Weight’and see
It’s out with the old and in with the new at the nations saleyards this week. New season lambs are on the march and are splitting buyers with the variation of weight and condition. Older sheep were swarming the yards, but demand was up to the task. The biggest cohort of lambs since January this […]
Demand takes a dip, heavier yearlings handle the heat
Temperatures are rising but for the most part, demand was slightly cooler this week. Preference and premiums for heavier stock are persisting, but it’s clear that lighter stock at the yards is selling in the buyers’ favour, which contributed to young cattle price declines outpacing the rest of the market this week. At a national […]
Mutton plugging the gap
New season lambs are light and lack consistency in quality down south, an unfortunate side effect of the dry year. With competition fierce for the ideal stock, buyers are being pushed to other ends of the spectrum to restock paddocks or fill kill space. It’s 7 weeks till Christmas and supply is ramping up with […]
Buyers place their faith in youth
Restocker yearling steers performed best this week, improving 12¢ week on week to 358¢/kg lwt and judging from MLA saleyard reports it wasn’t hard to see why. Young cattle in most of NSW and Queensland are coming off winter in good condition and restockers look to be keen to invest. From Charter Towers to Gunnedah, […]
Pricing stalls as market awaits more news from China
The spark was lit a fortnight ago, but the wool market’s fuse has stalled this week. The previous news from China was a firework for the market but the crowd now patiently awaits the big bang. Auction buyers were more selective with bidding this week as they chased lots with better yields according to AWEX. […]
Yardings back down to normal for now
October has been a busy month at the nation’s saleyards as throughput smashes 5-year average levels. This week has seen yardings relax significantly from these highs, but it wasn’t enough to stop easing cattle markets this week. Discussion around the cattle market has been very positive, and the resilience of pricing is evident when we […]
Wool market dragon is stirring
When the cat is away the mice will play. Good news for the Chinese property market before China’s public holiday break has boosted the confidence and intent of wool buyers on the East Coast this week at auction. The Chinese Central Bank (PBoC) announced stimulus activities to assist the maligned Chinese property and equities market. […]
Easing supply steadies but doesn’t stimulate market
This week saw auction day wool results see-saw but eventually arrived at a stop fairly balanced after the exchange rate again influenced buyer behaviour throughout the week. The Eastern Market Indicator (EMI) has been reasonably steady in the last fortnight thanks to easing week-to-week supply at auction. A 1¢ decline in the EMI to 1098¢/kg […]
Heavy cattle grabbing attention
The search for weight continues as buyers bid strongly for heavier cattle. With the supply agenda set by Meat & Livestock Australia last week, confidence looks to be on the upward trajectory in cattle markets. Going around the grounds in MLA saleyard reports, for the most part the market was upbeat for both buyers and […]
