The Jap Younger Cattle Indicator (EYCI) completed the week 7¢ decrease to 700¢/kg cwt. Restocker demand eased by way of quantity, with these out there opting to chase heavier, higher-quality yearlings, leaving the tail finish of inventory discounted on the yards. This weighed on the indicator this week, with restocker steers easing 8¢ to 384¢/kg lwt (a 2% WoW decline) and restocker heifers monitoring sideways, up 2¢ to 320¢/kg lwt.
7% uptick in cattle yardings week on week to 73.7k head in keeping with expectations after the earlier week’s public vacation. Provide strain wasn’t a significant factor by way of market outcomes when wanting via MLA saleyard stories. Not all export consumers have been energetic in Wagga, taking among the steam out of the market. The biggest yarding in 40 years, with “excellent high quality” in Moss Vale, was met with eager demand, and the presence of southern processors supported the market in Dalby
2 months submit tariff, and it seems from the info that the US continues to be full steam forward on Aussie beef. This week on Mecardo, Jamie-Lee Oldfield seemed into the US provide scenario. In comparison with two years in the past, cow slaughter is 30% decrease, and the feeder cattle index is 24% larger YoY, which signifies that the US will proceed to battle with decrease volumes and better prices for their very own home beef manufacturing (Learn extra right here).
Processing sector demand continues to be contributing to cost enchancment on the yards. Heavy Steers (prepared for processing) improved 10¢ to 372¢/kg lwt (its highest level since April) and processor cows additionally improved 10¢ to 282¢/kg lwt.
