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February 2018

In a good week for grain growers the Aussie dollar is a bit lower, and international oilseed prices have found a bit of strength.   CBOT Wheat steadied after a down week, which didn’t impact locally.  All this translated into higher physical canola prices yesterday, and...

Sheep and lamb markets made a bit of a comeback this week. Lower prices had the usual impact, seeing more growers keep their sheep at home, forcing processors to pay a bit more for lambs and sheep.  The spectre of rain, and of course lower...

The annual average ratio of female cattle culled in Queensland as a proportion of the total slaughter for 2017 was 40.4%, a fraction below the 2016 figure and well below the slaughter measure reached during the 2014 herd liquidation of 46.5%. Price spread behaviour...

Key Points Rainfall in Queensland was weaker than forecast, but we have seen supply tighten in a relative sense in Queensland. Victorian and NSW cattle slaughter has been stronger, pushing total east coast slaughter higher than last year. There is potential for cattle slaughter to...

Young cattle yardings are building. This week Eastern Young Cattle Indicator (EYCI) yardings hit an 8 month high, and prices reacted accordingly, drifting lower, and heading back towards the low set in the spring. Figure 1 shows EYCI yardings hitting 22,218 head on Thursday, up 6,312...

The grain market stands at a cross roads. In the past two years, we have seen concerns in the market which have led to short rallies. Will conditions provide the opportunity for a sustained rally, or will it fizzle out? After a strong January & early...

Strong throughput numbers for both lamb and mutton across the nation this week saw falls recorded in all national sale yard indicators, ranging between 3$ to 9 %.  The headline Eastern States Trade Lamb Indicator (ESTLI) dropping 9.4% to close at 601/kg, while mutton was...

This was a week of “toing & froing”; in early sales buyers tested the market to see if some of the gains from last week could be taken back. However, by the end of the week, buyers were forced to re-engage to secure volume. A small...

Some very solid rainfall in Queensland this week, yet this was unable to inspire trade cattle prices there as high throughput weighs on the market. In contrast, NSW and Victoria broadly missed out on any rain yet surprisingly throughput was below average and trade cattle...

South West Victorian Cattle Producers had their best year in 47 years of the Livestock Farm Monitor Project. The top 20% of cattle producers in the South West and Gippsland made huge margins. Lower prices are likely to see gross margins weaken this year,...