Heavy lambs win the week
The lamb and sheep indicators were quite inelastic this week, with large swings in supply having less impact on the value. Restockers were very active in the market when compared to the last few weeks. New season lamb continues to build in numbers, whilst still commanding a premium thanks to buyers’ pursuit for quality. The […]
No steering clear of price falls
There was an inward shift in both supply and demand this week for the cattle market, resulting in lower prices across the board. Multiple saleyards reported some buyers not fully operational, as well as varied quality between pens leading to erratic price variances. The Eastern States Young Cattle Indicator was back 2% in price week […]
Siren sounds on the 3rd quarter
The final selling week of the 3rd quarter saw the spring lamb price decline continue, with competition at the rail not as hot as it has been in recent weeks. Supply was also down, helping to counteract the decrease in demand, not enough however, to lift prices. The market closed lower on the prior week […]
Spring supply short
Supply dipped by 15% week on week for the cattle market, leading to a slight rise in prices off the back of the supply shortage. Despite some small amounts of isolated rain on the eastern coastal strip, the majority of the nation missed out on rain, with many hoping to top up their moisture profile, […]
Spring supply mounting in NSW
After a relatively stable few weeks, an increase in yardings and a softening of competition in the buying field applied downward pressure on prices this week. New season lamb numbers continue to build in quantity, supported by buyers willing to travel to fill their orders. The Eastern States Trade Lamb Indicator was back 4% in […]
Hot August sees supply build in September
The BOM declared August as the hottest on record, for Northern East Coast producers it created ideal fattening conditions and allowed unimpaired movement of stock. South Australian and Western Victorian producers are desperate for rain to resuscitate their season hopes. Strong supply from the paddock and some absences from the buying field at the rail […]
Wagga walks ahead of the pack
The final selling week of winter was largely flat, with some small gains in value. Supply from the paddock to the saleyard was down slightly for lambs and steady for sheep with a total yarding of just over 251k head. The new season lambs continue to drag up price averages, with buyers chasing weight and […]
Small gains from big rains
Following heavy rain in northern NSW and southern Queensland last week, the cattle market generally built on the recent July price rally, with four indicators hitting new 12-month highs. The Eastern Young Cattle Indicator rose to new heights for the last 12 months, climbing 2% for the selling week to 679 ¢/kg. Yardings for the […]
Double digit gains in the west
Restockers and trade lambs in the West both had double-digit gains in value this week, all other categories were relatively flat. Total yardings were similar to last week, but there was a shuffle between types, most notably restocker lambs had a 38% increase in yardings. New season lambs continue to build their share of volume […]
Rally retrace helps restockers
Prices were down for the majority of indicators as a result of an increase in supply as farmers looked to capitalise on the rally seen through July. Buyers’ attendance remains strong with many saleyard reports talking to full fields. Softer prices at the rail were enough to get the restockers bidding. The Eastern States Young […]
New season drops trickling in
A large reduction in yardings was not enough to completely sandbag the price falls for all of the indicators this week. Buyers took a break, with multiple saleyard reports mentioning absences in their buying fields. Quality and weight remain the scarce desired specification, with plainer and lighter pens causing erratic price spreads. The Eastern States […]
Southern sun seekers
Cattle yardings were up for the 4th week in a row and prices remained flat or slightly down despite the supply pressure, thanks to strong demand from processors. Quality and weight is what the buyers are chasing, with quality pens attracting the most competition and increasing the spread of prices. The Eastern Young Cattle Indicator […]
