Are things about to ramp up?
Plenty is happening in the beef market as production begins to ramp up. Whilst saleyard prices this week effectively tracked sideways there looks to be movement at the station for demand which will impact saleyard cattle prices moving forward. This week, restocker steers improved 20¢ to 503¢/kg lwt and restocker heifers improved 11¢ to 403¢/kg […]
Selective buying as supply catches up
Supply more than doubled after an interrupted few weeks to the sales process. The combination of a leap in numbers and some selective buying at the yards contributed to pushing trade and heavy lamb indicators lower for the week. NSW saleyard indicators across the board saw a decline, with buying activity more focused on lambs […]
Buyers cool off as temperatures soar
Supply was looking for shade as temperatures skyrocketed and saleyards shut the gate. Despite the lull in numbers, buyers were similarly backing off. The heat was brutal, with maximum temperatures across NSW and Western Victoria approaching 45 to 50 degrees Celsius, severely impacting the level of throughput this week across the east coast. Indicative NLIS […]
Softer supply on the run to Australia day boosts market
Tighter supply and public holiday shutdowns have incentivised buyers to push the market higher this week. With all lamb categories now averaging higher than$10/kg carcase weight and numbers lagging to begin the year the market looks to be very reactive to stock on hand. The Eastern States Trade Lamb Indicator (ESTLI), improved 27¢ to 1086¢/kg […]
It’s never a quiet one
Despite saleyards and processors being shut for the holidays, the market continues to be thrown curveballs. The announcement of quota limits for beef imports into China being the first bit of market-moving news of the year. Even when cattle aren’t at the yards, global trade continues to impact the trade. Australia and Brazil have both […]
Quiet week after a monumental year
As the markets wrap up on the run to Christmas there was little movement on the price front. With all saleyard indicators currently sitting well and truly higher than this time last year, the market finds itself in a strong position from both a supply and demand outlook. It’s been a dramatic year for the […]
Abundance of lambs this week doesn’t rock the boat
The 2nd largest lamb yarding in the last 2 years did not rock the boat from a price perspective, as most of the major national saleyard indicators this week saw just single-digit declines. Lamb throughput exceeded 299k head this week to the yards and, at this pivotal period of the year, was welcomed by buyers […]
Lighter lambs dominate supply as prices decline
Supply crept higher this week to 392k head for lamb and sheep through to the yards, and prices retracted as harvest in the south and heat in the north impact the market. New season lamb numbers are still 7% lower YoY for the spring flush, retracting again this week (Figure 2). Quality and weight of […]
Cattle market keeps on trucking
Confidence and enthusiasm at the yards remains strong as cattle markets continue to defy spring slumps. Heavy cattle remain in relative abundance and feedlot buyers across the east coast continue to chase stock to bring onto feed in a competitive market as buyers begin to travel further to access cattle. Indicative NLRS yardings had throughput […]
Prices improve again as supply begins to ramp up
New season lambs continue to creep to the yards, and buyers are beginning to ramp up competition. Supply in the south is starting to ratchet higher as lamb throughput increases 11% week on week to 228k head through the yards. More important was the presence of weight and quality in Victoria this week, which pushed […]
Restockers emerging in the South?
Supply has been easing to the yards during harvest, which has provided support for the market so far, but emerging restockers from the south might throw a spanner in the works for processor buyers. This week saw improvement across the board for all indicators, helped in part by the third week in a row of […]
Market kicks as quality starts to arrive
The story of supply has been driving the market since Winter, and demand has been reactive. Last week, there was movement at the station when it came to processor demand as heavier lambs began to appear at the yards in numbers. The momentum pushed prices higher this week Last week, national lamb slaughter jumped to […]