Market news

01 Sep 14 Spring has sprung – will the young cattle market follow trend?
The Eastern Young Cattle Indicator (EYCI) traditionally has two peaks and two troughs each year, the highs in March and August, and lows in May and November – each the result of fluctuations in cattle entering the market and seasonal changes to feed conditions.

01 Sep 14 US foodservice outlook weaker in July
The US restaurant performance indicator continues to suggest a period of expansion in the foodservice industry, despite consecutive months of lower ratings.

01 Sep 14 QCMI surpasses 200 points – first time since March 2012
The Queensland Cattle Market Indicator (QCMI) exceeded 200 points last week for the first time since March 2012, driven by the gradual upward pressure from strong processor purchasing at most Queensland saleyards over the past four months.

29 Aug 14 Friday daily sheep summary
Lamb consignments at Wagga fell 21% week-on-week, to 28,800 head, and despite the full turnout of buyers, not all were operating fully.

29 Aug 14 Friday daily cattle summary
Numbers at Rome Prime increased 102% to 1,002 head, with predominantly heavy bulls and cows yarded.

28 Aug 14 SA weekly sheep summary
Total SA lamb supply, as reported by MLA’s National Livestock Reporting Service, increased 13% week-on-week, to 10,370 head.

28 Aug 14 Tasmania market summary
Very small numbers greeted buyers at both Powranna and Killafaddy, with more grown steers and fewer cows included.

28 Aug 14 Vic weekly sheep summary
Victorian lamb supply, as reported by MLA’s National Livestock Reporting Service, improved 61% week-on-week, to total 28,049 head.

28 Aug 14 Thursday daily sheep summary
Lamb consignments at CTLX eased 8% this week, to 3,315 head, with the majority of the yarding consisting of old lambs in dry condition.

28 Aug 14 Thursday daily cattle summary
Numbers at Dalby this week increased 33%, to 4,635 head, with a good selection of all young cattle classes, as feeder and restocker buyers competed strongly on lightweight lines.

28 Aug 14 China’s online food sales expand
The emerging trend towards online food sales signals a growth opportunity for food that satisfies increasingly busy Chinese lifestyles.

28 Aug 14 WA weekly sheep summary
Following the previous week’s stronger markets, numbers at Katanning and Muchea were up a little for a total of 7,152 lambs.

28 Aug 14 SA weekly cattle summary
Total SA cattle supply, as reported by MLA’s National Livestock Reporting Service, increased 16% week-on-week, to 2,976 head.

28 Aug 14 August beef exports up year-on-year
Maintaining the trend of the past two years, Australian beef and veal exports for August are estimated to reach 112,000 tonnes swt – more than 14% greater than the corresponding period in 2013.

28 Aug 14 NZ Food Price Index falls in July
Food prices in New Zealand (NZ) declined in July, following two consecutive months of growth, largely attributed to a fall in meat prices, according to Statistics New Zealand.

28 Aug 14 Hanwoo beef wholesale prices bounce back in Korea
As the Chuseok holiday starts next weekend, demand for Hanwoo beef has reportedly been strengthened, as reflected in prices this week.

28 Aug 14 Spring forecast largely neutral - BOM
According to the Bureau of Meteorology’s (BOM) latest three month weather outlook, covering the period of September to November, a drier than normal spring is expected for central Victoria and central NSW, with only a 40% chance the median rainfall level being exceeded.

28 Aug 14 QLD weekly cattle summary
A combination of a return to normal numbers after the previous week’s rain affected sales and the recent improvement to prices doubled supply at physical markets covered by MLA’s NLRS

28 Aug 14 Australian sheep flock falls for second fiscal year – ABARES
According to ABARES Australian lamb: financial performance of slaughter lamb producing farms, 2011-12 to 2013-14, the Australian sheep flock was estimated to be lower for the second consecutive fiscal year at the conclusion of the 2013-14, despite a return to favourable conditions in the first half of 2014 across many lamb producing regions.

28 Aug 14 Australian striploins deliver value to the Japanese trade
Tight US supplies this year, combined with the improving economy in Japan, has enhanced positioning of Australian striploins for the Japanese trade.


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