Australia: Positive start to 2024 in livestock markets

Published 2024년 1월 12일

Tridge summary

The cattle market has shown positive signs of growth at the start of the year, with prices lifting significantly and a peak in demand for weaners leading to increased prices for yearling steers. Quality played a role in outcomes, with price premiums for weaned steer calves over 400kg. The sheep market has also demonstrated strength, with prices almost returning to levels from the beginning of 2023, driven by heightened demand from processors and supermarkets.

In the cattle market, prices have lifted significantly at the start of the year with a peak in demand for weaners, leading to increased prices for yearling steers. The sheep market has demonstrated strength, with prices almost returning to levels from the beginning of 2023, fueled by heightened demand from processors and supermarkets. Prices have softened in the sheep market over the last week, but the market is still strong with interest from restockers and lot feeders.

The cattle market has seen strong signs of growth at the start of the year, with a peak in demand for weaners leading to increased prices for yearling steers. The sheep market has also shown strength, with prices almost returning to levels from the beginning of 2023, driven by heightened demand from processors and supermarkets. Despite a slight easing in prices over the last week, the market retains its strength, underpinned by a healthy balance of supply and demand.

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

Original content

As the new year unfolds, both the cattle and sheep markets show signs of an upswing, marking a positive start after the Christmas break. Cattle There is a strong outlook for the start of the year with cattle prices lifting significantly over the last couple of months. This positive trend can be attributed to the current phase where calves born in winter and early spring are being offered for sale. As these calves transition into yearlings, the demand for weaners has reached its peak, which correlates with the restocker yearling steer indicator lifting by 56¢ to 366¢/kg live weight (lwt) over the past month. The focus on weaner sales in Victoria has had a positive impact on cattle prices. According to the National Livestock Reporting Service (NLRS) market reports, there was consistent but not heated bidding at Wodonga as buyers were more price sensitive and content with walking away if price limits were met. Quality also played a role in outcomes where price premiums were seen in ...

Source: Mla