The US grain market gets plenty of attention usually, however in recent times it is the clearly dominant story, and for good reason. Politics is impacting, with a massive export program to China under the Phase 1 deal a big story, we also have the...
A return to more normal yardings last week had the typical effect on prices. The record young cattle prices from last week didn’t hold, with the correction pulling the Eastern Young Cattle Indicator back to levels of the week earlier. East coast saleyard throughput levels...
Sometimes the hardest thing to do when looking at markets is to decipher the real message from the published message. There is a lot of rhetoric around the China imports and US exports of grain and beans, with polarized stories representing positive and negative positions....
Young cattle prices continued to climb this week to hit a new high, taking no notice of lower export market values. The local supply situation and decent rainfall forecasts has saleyard prices trading back at global market values. The Eastern Young Cattle Indicator (EYCI) lifted to...
Key Points With harvest underway in parts of the US, the World Agricultural Supply & Demand Estimates (WASDE) report was released last night our time and was met with a neutral response from commentators. Markets confirmed no surprises with a stable response, with the USDA lifting wheat...
Cattle supplies have continued to tighten in June, with Queensland slaughter moving sharply lower last week. While prices are running hot, there were some worrying signs in export markets and with currency movements. In the week ending the 5th of June, it looks like Queensland cattle...
Key Points It feels like the Australian grain industry is operating with a sense of calm despite the global chaos regarding China and COVID-19. The cause for this calm in Australia is the rainfall to date or the “seasonal conditions”. Focusing on the domestic front, growers...
It has been a week since Meat & Livestock Australia’s (MLA) Officer’s returned to saleyards, and now have and Eastern Young Cattle Indicator (EYCI) for the first time in 9 weeks. It remains volatile, however, opening high and losing 10¢ in a couple of days. The...
A good winter outlook, moisture in the soil and the lowest yarding levels all season have seen cattle prices hold ground this week for most categories. Although over the longer term it has been a good run for prices all year with average monthly price...
Key Points As we head into June, a period of uncertainty looms. Do we see price rises as weather concerns mount, or does a large global crop hamper upside? One thing for sure is that the next two months will be volatile. CBOT wheat futures lost...