Rainfall, cattle supply sparks improvement


Prices have bounced for the cattle market.


Prices have bounced for the cattle market on the back of rainfall forecasts, recovery in export prices and falling supply at saleyards.

Queensland cattle yardings were down 50 per cent on the week, while NSW had a 58 per cent decline in numbers at the saleyard.

This reduction in supply helping to push the weekly East Coast yarding figure to the lowest it has been all season at just 24,818 head. This throughput measure is well below the normal range.

Decreased supply was also evident in young cattle numbers with EYCI yardings also registering its lowest average weekly figures since September 2016 at just 9537 head.

EYCI cattle throughput has fallen 50 per cent over the last month and the reduced supply has given some support to prices, recovering 5.4 per cent to close the week at 533¢/kg cwt.

*Mecardo, Ag Concepts


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