Up, down, side to side. The rollercoaster of the grain market continues to provide excitement. As harvest advances pricing levels have risen. In this week's update we take a look at ASX pricing, WA forecasts, Trump deals, and UK elections.The ASX contract has risen dramatically...
Just a month ago Cow prices were over 500¢, and almost the same price as the Eastern Young Cattle Indicator (EYCI). This week cow prices continued to tank, while other cattle types largely held their ground.Figure 1 shows state cattle indicators declining sharply since hitting...
There have been no real movements in strong export beef prices in recent weeks, but cattle prices have been on the decline in saleyards. It seems slaughter capacity might have been reached, and with processors booked up until Christmas, demand at saleyards is on the...
Beef export figures for November are out, and we are getting a picture as to why export prices have been running rampant. While the total supply of beef for exports declined in November, it didn’t stop China from posting yet another record import level. Cattle...
The October release of LiveCorp live export cattle flow shows a steady gain in volumes since August. This analysis piece looks at the breakdown of the trade with a focus recent changes to the flow to key export destinations and ports of exit.The monthly flow...
Cattle prices continued to ease this week in the face of more rises in export markets. There is little doubting the driver behind lower saleyard prices, with the season yet to break and relatively strong prices drawing out supply.It’s always about supply and demand. In...
US-based consultants Steiner, published by Meat and Livestock Australia, report a surge in the 90CL imported beef export price as panic buying sets in under strong African Swine Fever (ASF) induced demand pressure. Despite the big leap forward in the 90CL, domestic Australian cattle values...
Cattle supply has shown no signs of slowing in recent weeks, with slaughter still running hot, but prices continued to rise. As outlined earlier in the week, supply is outstripping demand at the moment, forcing counter-seasonal price rises.Cattle slaughter has been steadily rising over...
Isn’t it great to see rain falling to parts of NSW and Queensland that have been missing out for some time? Certainly, cattle markets have responded kindly, but we really need to see more rainfall to get the confidence of restockers to re-engage with the...
This time last week we were bemoaning the lack of rainfall on the forecast, and predicted more sideways action in markets. They say a week is a long time in football, well it seems to take forever when rain comes on the forecast and we...