Australia: Rain has northerners looking south to January weaners

Frozen Bone-In Beef
Sustainability & Environmental Impact
Published Dec 6, 2023

Tridge summary

Northern restockers are showing confidence in the market as they start to look at purchasing weaners for sales in the new year. There has been increased inquiry for quality offerings of young cattle in January, with the cattle market continuing to rise across all categories. The recent rainfall across Queensland, NSW, Victoria, and the Northern Territory has boosted market confidence and driven up prices, despite an increase in supply.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Northern restockers with some solid rain confidence under their belt are already starting to eye off the big feature lines of weaners being prepared for new year sales in the south. Agents in both the south and north have reported increased inquiry coming in already about those quality offerings of young cattle in January. The cattle market has continued to lift this week across all categories, although restockers are going up faster than finished cattle, a reversal of the trend observed throughout the year, Meat & Livestock Australia global supply analyst Tim Jackson said. The Eastern Young Cattle Indicator is now close to $2 a kilogram carcase weight above where it was a month ago, sitting today at 558c. Restocker steers are also more than a dollar above the month-ago level. Falls of between 50 and 150mm across large swathes of Queensland, NSW, Victoria and even into the Northern Territory have pumped enormous confidence back into the market, agents say. It has had the effect of ...
Source: Farmweekly
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