Australia: Weekly cattle and sheep market wrap

Yardings fall as expected To nobody’s surprise, supply tightened significantly across both species in most states this week. It’s been a common trend over the past three months as wet weather continues to impact transport access and mustering capability. However, the large supply last week allowed producers time to reset their marketing strategies to reflect more normal supply fluctuations moving forward. Cattle National cattle yardings fell 29% or 16,250 head week-on-week and state declines performed as follows: WA yardings declined by 42% or 1,158 head to 1,598 Queensland yardings softened by 28% or 7,418 head to 18,900 NSW numbers fell by 49% or 9,126 head to 9,870. South Australian yardings improved by 29% or 565 head and Victorian yardings also strengthened by 9.5% or 633 head. Sheep National sheep yardings fell by 47% or 187,000 head week-on-week and state declines performed as follows: NSW numbers declined by 60% or 127,000 head to 83,000 Victorian numbers fell by 43% or ...