Tridge summary
Cattle and sheep market summaries for the week:
Cattle:
- National cattle yardings increased to 49,273 head due to last week's wet weather
- Roma's yardings rose to 6,800 head, with easing demand for restocker yearling steers and heifers
- Both the Western Young Cattle Indicator (WYCI) and the Eastern Young Cattle Indicator (EYCI) experienced a decline this week
- Prices for heavy steers and extra heavy cattle showed improvement, indicating demand
- Sheep and lamb market dynamics are discussed in the next section
Sheep and lamb:
- Sheep and lamb yardings remained stable, with varied quality affecting buyer activity
- The Trade Lamb Indicator and some key contributors traded below the national average, reflecting processor sale proportion
- Sheep and lamb slaughter volumes and trends were detailed, showing differences and recoveries from the Victorian Labour Day public holiday impact
- No Blackall market report was available this week due to flooding in Queensland
In summary, cattle and sheep market indicators experienced changes, with some indicators like the WYCI trading at a premium to the EYCI, and some sheep and lamb market indicators trading below the national average. Cattle and sheep slaughter volumes remained steady, with sheep slaughter increasing and lamb slaughter decreasing slightly. The market dynamics included varied buyer activity, the effects of direct contracts, and the influence of cheaper mutton on processor purchasing decisions.
Cattle:
- National cattle yardings increased to 49,273 head due to last week's wet weather
- Roma's yardings rose to 6,800 head, with easing demand for restocker yearling steers and heifers
- Both the Western Young Cattle Indicator (WYCI) and the Eastern Young Cattle Indicator (EYCI) experienced a decline this week
- Prices for heavy steers and extra heavy cattle showed improvement, indicating demand
- Sheep and lamb market dynamics are discussed in the next section
Sheep and lamb:
- Sheep and lamb yardings remained stable, with varied quality affecting buyer activity
- The Trade Lamb Indicator and some key contributors traded below the national average, reflecting processor sale proportion
- Sheep and lamb slaughter volumes and trends were detailed, showing differences and recoveries from the Victorian Labour Day public holiday impact
- No Blackall market report was available this week due to flooding in Queensland
In summary, cattle and sheep market indicators experienced changes, with some indicators like the WYCI trading at a premium to the EYCI, and some sheep and lamb market indicators trading below the national average. Cattle and sheep slaughter volumes remained steady, with sheep slaughter increasing and lamb slaughter decreasing slightly. The market dynamics included varied buyer activity, the effects of direct contracts, and the influence of cheaper mutton on processor purchasing decisions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Cattle National cattle yardings lifted to 49,273 head this week after last week’s wet weather reduced numbers at the saleyards. In Roma, yardings increased to 6,800 head and restocker demand eased in restocker yearling steers and heifers and across all weight ranges. The Western Young Cattle Indicator (WYCI) is trading at a premium to the Eastern Young Cattle Indicator (EYCI). Muchea saleyard prices for young cattle improved 6¢ week-on-week, whereas Mount Barker eased 45¢, causing the indicator to soften 42¢ to 728¢/kg carcase weight (cwt). The EYCI currently sits at 669.10¢/kg cwt with Dalby prices easing 62¢ week-on-week. All cattle indicators eased this week. The Heavy Steer Indicator eased 9¢ week-on-week, but prices for extra heavy cattle (600–750kg) were the only weight range to improve in price for the indicator demonstrating the demand from buyers for cattle with weight. Another consideration in the easing of the indicators is price fatigue in the market. Some feeder ...
Source: Mla
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