Cat­tle mar­ket waits on solid sea­sonal break

Central Queensland News - - RURAL WEEKLY -

THE price di­rec­tion of Aus­tralia’s cat­tle mar­ket and na­tional herd re­build now hinges on a solid sea­sonal break, fol­low­ing a dry fin­ish to win­ter and hot Septem­ber across much of Aus­tralia.

Meat & Live­stock Aus­tralia’s October cat­tle in­dus­try update main­tains July slaugh­ter fore­casts, with some up­ward re­vi­sions to pro­jected beef pro­duc­tion and ex­port vol­umes as a re­sult of higher car­case weights.

MLA’s Mar­ket In­tel­li­gence Man­ager Scott Tolmie said the main im­pact of the poor sea­son has been the down­ward tra­jec­tory of Aus­tralian cat­tle prices, largely caused by re­duced re­stocker de­mand.

“Feed­lot de­mand has also sup­ported the EYCI, driven in part by ro­bust ex­port de­mand for high qual­ity grain­fed prod­uct in Ja­pan and Korea, es­pe­cially over the past few months,” he said.

“With the herd re­build­ing cy­cle still un­der­way, the avail­abil­ity of lightweight stock through mar­kets re­mains lim­ited, which should see prices con­tinue to track above the five-year av­er­age for the re­main­der of the year.”

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