Australia: Weekly cattle and sheep market wrap

Published 2023년 2월 17일

Tridge summary

Cattle and sheep yardings have increased at key saleyards in Queensland and New South Wales, leading to higher prices for better finished offerings. The Eastern Young Cattle Indicator (EYCI) softened slightly, but prices improved for heavier lambs due to increased demand for good quality lambs. Cattle and sheep slaughter volumes have also increased, reaching 108,844 head and 59,000 head respectively, which are 15% and 52% higher than 2022 figures. Goat slaughter continues to rise, reaching 33,808 head. These trends were highlighted in the Australian Bureau of Statistics (ABS) Q4 2022 data released on February 16.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Yardings Cattle yardings have started to pick up at key saleyards. Dalby had an increase of 604 head this week after drier conditions in the area and Roma had an increase of 3,376 head. Good quality stock was available at the saleyards with buyers continuing to be picky and paying premiums for better finished offerings. National cattle yardings improved by 7,351 head, especially in Queensland and NSW. Throughput in the feeder steer indicator improved by 36% week-on-week. This has placed pricing pressures on the indicator which reached 384.83¢/kg live weight (lwt). The Eastern Young Cattle Indicator (EYCI) softened 6¢ week-on-week, with an increase of 5,000 head in throughput. Roma took out the top spot for contributing to the EYCI, overtaking Dalby. Roma also had the second highest prices at 798.68¢/kg carcase weight (cwt) with Casino taking the top price of 832.91¢/kg lwt. The young cattle offering at Casino was larger and of better quality which helped to lift prices and buyers ...

Source: Mla