Market news

22 Oct 14 FAO Food Price Index continues to fall, yet Meat Index remains firm
The United Nations Food and Agricultural Organisation (FAO) Food Price Index continued its downward slide in September, now for the sixth consecutive month, to 191.5 points – down 5.2 points (2.6%) from August and 12.2 points (6%) from the same time last year.

22 Oct 14 Sheep market alert
National lamb supply, as reported by MLA’s National Livestock Reporting Service, was fairly steady week-on-week, at 133,125 head.

22 Oct 14 Cattle market alert
Despite some rain down the east coast last week, conditions remain dry for much of the country. National throughput, at NLRS reported saleyards, so far this week rose 8% to 47,902 head.

21 Oct 14 NZ beef price higher than milk – a first in 23 years
In a comparison of returns per kilogram of product, Beef + Lamb New Zealand have reported that the price of New Zealand (NZ) prime export steer meat has surpassed the national forecast farmgate milk price for the first time in 23 years.

21 Oct 14 Tuesday daily cattle summary
Numbers at Toowoomba Elders eased slightly, at 1,338 head, and, with a wide variation in the quality of young cattle and with little restocker support, yearlings and vealers sold to a cheaper trend.

21 Oct 14 Qatar now allowing Canadian beef imports
Canada has been given access to the Qatar imported beef market.

21 Oct 14 Tuesday daily sheep summary
Lamb consignments in Dubbo declined 25% week-on-week, at 21,200 head, and included a good selection of trade and heavy weight lambs, along with reasonable numbers of light weight lines and Merinos.

21 Oct 14 Live cattle, sheep and goat exports up in August
During August, Australian live cattle exports were 92,305 head – up 18% from the same time last year and valued at A$83.3 million FOB, with the January-to-August figure at 823,607 head, increasing 74% year-on-year (Australian Bureau of Statistics).

17 Oct 14 Friday daily sheep summary
Lamb throughput at Wagga was marginally lower week-on-week, at 29,750 head, with the majority of the yarding consisting of new season lambs.

17 Oct 14 Friday daily cattle summary
Numbers at Roma Prime were back 53% week-on-week, at 627 head, with the majority of the yarding 3 and 4 score cows.

16 Oct 14 Thursday daily cattle summary
Numbers at Dalby were back 6%, at 6,179 head, and quality was mixed, with good runs of yearling steers and heifers to lotfeeders and restockers and limited cattle suitable to trade.

16 Oct 14 Japan beef consumption recovers in August
Strong business performance by key imported beef users in Japan underpinned increased beef consumption in August, with the volume increasing 14% on last year to 50,418 tonnes.

16 Oct 14 Good quality across Sydney wholesale markets
Overall quality was fair to good across the Sydney wholesale beef trade this week and reportedly provided buyers with a good range of all weights and grades.

16 Oct 14 WA weekly sheep summary
Temperatures began to heat up across WA this week, with little sign of rain. This, combined with the approaching harvest period, saw total numbers increase 30% week-on-week, with close to 26,000 head offered.

16 Oct 14 Thursday daily sheep summary
Lamb consignments at CTLX fell 71%, to 2,820 head, as rain in the supply region tightened numbers considerably.

16 Oct 14 Stronger spring demand for restocker lambs in central Victoria
For Victoria, September is historically one of the lowest months of the year in terms of lamb saleyard throughput.

16 Oct 14 NSW weekly cattle summary
This report will be available shortly.

16 Oct 14 QLD weekly cattle summary
Numbers eased 9% week-on-week at markets reported by MLA’s National Livestock Reporting Service, despite returning to a full trading week.

16 Oct 14 Vic weekly sheep summary
Victorian lamb supply, as reported by MLA’s National Livestock Reporting Service, was similar week-on-week, totalling 53,075 head.

16 Oct 14 Some more activity in US spot market at lower prices
Some US end-users that have been quiet in the market in recent weeks appear to have taken some more interest in imported beef as the price has started to drop since late September.


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