Cattle market alert
AUSTRALIA - Supply variations were driven by rainfall and recent price trends, with Queensland throughput more than doubling, while in SA supply was 45% lower, says the Meat and Livestock Australia.
24 January 2007
1 minute read
The areas where supply increased were in northern NSW and southern Queensland, where many producers have missed out on recent storm rain and are now concerned about water and feed availability. SA and the western districts of Victoria were the areas where supply subsided, with rainfall in these areas over the preceding week.
Quality remains good, with vendors wary of price discounts and selling whilst stock are in saleable condition. Demand has been steady from processors and lotfeeders, while some additional restocker attention on females and from live exporters in the west has been witnessed.
EYCI continues recovery
The Eastern Young Cattle Indicator (EYCI) reached its highest levels since mid November 2006, finishing Tuesday at 310.75¢ - up 7.25¢/kg cwt on last week. Vealer heifers did not sustain the price gains of last week, although all other descriptions improved.
Export rates benefited from solid demand, with the national Japan Ox indictor jumping 21¢, settling at 183¢/kg. Cow prices were also dearer, with the national US cow indicator lifting 6¢ to 121¢/kg.
TheCattleSite News Desk
