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Heat Taking a Toll on Markets

20 November 2009
Meat & Livestock Australia

AUSTRALIA - The national hot dry and windy conditions forced increased numbers of cattle to market this week, while also lowering quality and restocker interest.

 National yardings at MLA’s NLRS reported yards was up 15%, to be 9% higher than a year earlier – led by Victoria.

The falls in cattle prices this week were less uniform than for lambs, with the EYCI and indicators for trade cattle and Japan ox all down around one to two per cent, but no change for cows or feeders. Yardings jumped 22 per cent nationally, to be similar to last year’s. November is expected to witness the seasonal lows for cattle prices. Prices are now around seven per cent below a year ago, except for cows, which are down 12 per cent – a fair result given the A$ is now 46 per cent higher against the US$ than a year ago.

TheCattleSite News Desk



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