Have you seen the NEW INTERACTIVE data tool? Filter the latest data to best suit your needs from our comprehensive warehouse of saleyard, over-the-hook, slaughter, throughput, skins and feeder information. All saleyard reports are now also accompanied with audio commentary from your local market reporter so you can listen at your leisure.
Lamb prices have been steadily rising for the past fortnight. Last week the National Trade Lamb Indicator rose above 700¢/kg for the first time this year. In previous articles we have considered the potential supply shortage of lambs over the next three months. Here, we look back at how prices have tracked heading into the winter period when dry conditions have been prevalent.
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Live cattle exports have made a strong start to 2019 with overall numbers up 21% year-on-year for the first three months, at 271,000 head. This was driven by increased shipments out of Townsville and Portland and the commencement of exports from Alma (Rockhampton). Cattle shipments from Darwin actually had a slower start to the year, back 14% at 78,000 head. However, the rate of cattle exports remains below 2016 levels.
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Notwithstanding an easing trend in recent months, domestic grain prices remain historically high, challenging profitability for lotfeeders and graziers alike. On the other hand, shifting global trade dynamics - including the emergence of new production regions in Eastern Europe - have contributed to a global supply surplus.
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There was a significant jump in cattle yardings last week, resulting in downward pressure on prices, with the Eastern Young Cattle Indicator (EYCI) sharply back on the week prior, to 453.25¢/kg carcase weight (cwt).
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The cattle market has come off the boil this week, as saleyard throughput returned to a level in line with the five-year average.
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