The week in review 03/09/10
- The prospects for a bumper spring continues to heavily influence livestock markets.
- Light lambs (12-18kg cwt) pushed to a record high nationally, at 511¢/kg cwt - 34% above the corresponding week last year.
- Trade and export lambs finished the week at 543¢ and 529¢.
- Australian lamb exports for August increased 4% year-on-year.
- The largest weekly cattle yarding since mid-June failed to dampen the cattle market this week, with prices higher for trade and medium steers.
- Export beef demand continues to show signs of improving with total shipments for the month up 5% year-on-year.
- The recent surge in the A$ to above 91US¢ continues to emphasise its constraint upon export returns.
More red meat market trends and analysis