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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...

Key PointsRainfall 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...

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...