Indicators
traded inside a slim vary this week, starting from 8¢ declines (restocker
steers at 477¢/kg lwt) to 11¢ positive factors (processor cows). The Japanese Younger Cattle
Indicator (EYCI) misplaced 1¢ to 896¢/kg cwt. The Western Younger Cattle Indicator
(WYCI) jumped 26¢ to 789¢/kg cwt.
Provide
by way of the yards was 1% decrease week on week, with the decline in numbers pushed
by fewer numbers in NSW. Per MLA
saleyard reviews, southern patrons met an elevated cow yarding in Dalby, and
restockers paid barely larger for inventory heading again to the paddock. Roma
patrons had been chasing high quality as light-weight weaner bids eased. Feeder cattle
had been dearer in Gunnedah and Wagga patrons had been chasing feeder sorts with robust
competitors.
This
week on Mecardo, Jamie-Lee Oldfield dived into exports, which proceed to fly (learn
extra right here). Australian beef exports to South Korea hit a month-to-month file in
August, rising 18% year-on-year, and 36% greater than the five-year common
for the month. Yr-to-date volumes are actually up 17% from 2024, and this implies we
may have already hit the commerce settlement safeguard quota, with remaining
exports to this market now topic to a 24% tariff. In the meantime, American cow slaughter is 20% decrease
YoY and Australian beef exports to the US are up 22% YoY.
