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May 2017

Key points: Annual average price correlations between US Live Cattle and National Heavy Steers is showing that local prices are less overvalued than during 2016 The continued rebound in US Live Cattle futures through March/April 2017 has meant that, on a monthly basis, average local...

We still haven’t hit winter, but lamb and sheep prices are doing a good job of maintaining a winter peak.  This week Merino lambs hit a new record, trade lambs continued to rise, and mutton continued to surge upwards. If ever there was a year to...

A softer result across the board this week for all categories in all three centres as buyers take advantage of increased VM to discount heavily. The EMI dipping back under 1500¢/kg clean after shedding 27¢, although out West price falls were of a lesser magnitude...

In this week’s comment we look at a surprise corruption investigation into the Brazilian president, which has caused shockwaves throughout the country, devaluing the Brazilian Real and impacting agricultural commodities. This week the wheat market was largely quiet (figure 1) with a lack of fresh news,...

Cattle prices received a welcome bounce this week as yardings declined from their post short week lows.  This is following a week when slaughter reached a 2017 high.  It looks like we might have seen the May low, with a question of how far is...

The talk of the town at the Wycheproof store sheep sale last week centred on the line of first cross ewes making $322/head, and merino ewes reaching $260/head.  While many sheep producers are enjoying a good season, some might be thinking it’s a good time...

A textbook case of the economics of supply and demand in sheep and lamb markets this week as reduced throughput in most states provides support to prices. The Eastern States Trade Lamb Indicator (ESTLI) up 1.6% to close at 651¢/kg cwt. National Mutton a bit...

It was a tale of “three” markets – the Sydney sales were relatively stable, Melbourne was weakest while W.A. was mixed to stronger depending on the micron. The EMI closing the week at 1522¢, a fall of 12¢, however the WMI rallied on the back...

This week’s new season World Agricultural Supply and Demand Estimates (WASDE) were somewhat of a letdown, in terms of impact in prices.  We have however seen some movement in local markets, notably for new crop canola and old crop wheat. Old crop canola prices have been...

Weekly east coast cattle slaughter draws closer to this seasons peaks and throughput eases as producers respond to lower cattle prices with all national cattle indicators and the Eastern Young Cattle Indicator (EYCI) all registering declines this week. In contrast to the declining throughput and price...