Market news

19 Dec 14 Friday daily sheep summary
Lamb consignments at Wagga declined 32%, to 19,000 head, and the usual buying group operated in a dearer market.

19 Dec 14 Friday daily cattle summary
At the close of Thursday’s market, the Eastern Young Cattle Indicator (EYCI) trended 2.75¢ dearer, to finish the year at 376.00¢/kg cwt.

19 Dec 14 US beef market pressure
The US cattle and beef markets have moved sharply lower in the last few weeks, and there are a few issues to keep an eye on over the next few months.

18 Dec 14 JAEPA entering into force on 15 January 2015
The Japan-Australia Economic Partnership Agreement (JAEPA) will enter into force on 15 January 2015, resulting in the import tariff for Australian beef lowering from the current 38.5% to 32.5% for chilled items, and 30.5% for frozen.

18 Dec 14 Thursday daily cattle summary
At close of Wednesday’s market, after making substantial gains in recent weeks, the Eastern Young Cattle Indicator (EYCI) was back 0.50¢, at 373.25¢/kg cwt.

18 Dec 14 Thursday daily sheep summary
Lamb throughput at Hamilton declined 27% week-on-week, to 36,403 head, for another good quality yarding and prices lifted across all categories.

18 Dec 14 Timing critical in deciding method of marketing cattle
The two major methods of selling cattle in Australia are through the saleyard auction system or over-the-hooks.

18 Dec 14 WA weekly cattle summary
Northern pastoral regions saw moderate falls this week, along with rising temperatures, which should limit pastoral supply in the New Year.

18 Dec 14 WA weekly sheep summary
Numbers decreased this week by close to 3,000 head, totalling 31,750 head, for the final sales week in WA.

18 Dec 14 Tasmania market summary
There was a very small yarding of trade and export cattle at Powranna and Killafaddy, with not enough cows or grown steers to quote.

18 Dec 14 QLD weekly cattle summary
The combination of some follow-up rain in parts of the supply area and a large number of selling centres already closed for the Christmas break reduced numbers at physical markets covered by MLA’s NLRS to 4,800 head, compared to 12,000 head yarded the previous week.

18 Dec 14 Sheep and lamb prices hold strong in 2014, despite surging turn-off
Following the hottest spring on record, summer 2013-14 was warmer than average for Australia and coinciding with this was another season of ‘below average’ rainfall for the eastern states.

18 Dec 14 Goat prices go from strength to strength in 2014
The goat industry commenced 2014 in stark contrast to the previous year. In January 2013, the dry conditions had slaughter pushing record levels, while the combination of high supply and a high A$ placed downward pressure on 12-16kg cwt export over-the-hook (OTH) goat prices

18 Dec 14 Moderate rainfall outlook for start of 2015 – BOM
In the January-March rainfall outlook, the Bureau of Meteorology (BOM) has forecast a moderate chance of exceeding median rainfall in the eastern states for the first three months of 2015, while the outlook is much poorer in the west.

18 Dec 14 Oil prices falling – a brief look at impacts on meat demand
The reent drop in oil prices has the potential to impact meat demand in different ways around the globe. This article examines some potential outcomes.

18 Dec 14 Weak finish to 2014 for US imported beef market
The imported beef market in the US continued to fall this week, with extra competition from NZ exporters andlimited interest from some US buyers.

18 Dec 14 Brazilian cattle slaughter down 4.5% during the third quarter
According to the Brazilian Institute of Geographic and Statistics (IBGE) quarterly survey, Brazilian cattle slaughter during the third quarter declined 4.5% year-on-year and 1% on the previous quarter, at 8.5 million head.

18 Dec 14 Vic weekly cattle summary
With Bairnsdale not operating this week and the Christmas break looming, Victorian cattle supply, as reported by MLA’s National Livestock Reporting Service, decreased 30% to 12,477 head.

18 Dec 14 SA weekly cattle summary
Overall SA cattle supply, as reported by MLA’s National Livestock Reporting Service, lifted 30% week-on-week, with Millicent’s fortnightly sale in operation and penning 810 head.

18 Dec 14 NSW weekly cattle summary
The last weekly markets for 2014 recorded 31% fewer cattle, at MLA’s NLRS reported saleyards, with 18,471 head yarded across the state.


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