Final week’s slaughter figures had been down simply 2% from the earlier week however are nonetheless sustaining a premium over year-ago ranges. Cattle yardings additionally dipped, ending this week almost 8% decrease, however once more remained simply above the rolling 12-month common. Of most curiosity in relation to throughput was feminine cattle slaughter. In response to Meat and Livestock Australia’s weekly report, it was right down to 45% of the kill. Trying again at weekly information, it has solely been that low for one different week because the begin of winter—and sure nicely earlier than that.
This doubtless contributed to the rise in competitors for processor cows this week, with the nationwide indicator reaching a report 393¢/kg in the course of the week earlier than ending at 392¢/kg—a rise of 20¢/kg from final Friday. The Roma retailer sale in Queensland was the bulk contributor to the cow value, and the Nationwide Livestock Reporting Service quoted gross sales of as much as 420¢/kg for younger three-score cows, regardless of it being an enormous yarding. Dubbo, NSW, was the value driver, nonetheless, averaging nicely above the nationwide value at 407¢/kg, with the NLRS quoting prime heavyweight cows at 416¢/kg.
Processors are being prompted to up the ante on cows primarily as a result of the US imported beef 90CL value indicator retains on climbing. It closed final week (newest information accessible) at AU1120¢/kg, now solidly in report territory. In US {dollars}, it’s now double the place it began its climb firstly of 2024 and sits 17% stronger year-on-year. With the US Division of Agriculture final week revising its projected beef imports even greater on the again of tightening home provide, and Australia’s important competitor for that market, Brazil, now thwarted by large tariffs, there’s little to point value positivity will stall.
Onto different classes, and heavy steers had the largest acquire for the week, up 23¢/kg to 435¢/kg, with greater than 55% of the eligible inventory popping out of Queensland saleyards. The Japanese Younger Cattle Indicator held absolutely agency at 897¢/kg, whereas the Nationwide Younger Cattle Indicator climbed 7¢/kg to 476¢/kg (liveweight). As talked about, almost 8000 of the 19,000 cattle eligible for the NYCI had been bought on-line in Queensland and NSW, averaging 463¢/kg and 519¢/kg, respectively. Feeder classes noticed little change, however lotfeeding competitors was famous in any respect the most important yards.
