Spring sees cat­tle mar­ket de­cline

Mansfield Courier - - PROPERTY GUIDE -

how to get off the 24/7/365 days a year tread­mill to fo­cus on the parts of the busi­ness that re­ally mat­ter. For more in­for­ma­tion call Kristy on 0400 282 222. Healthy Habi­tat on Huon. Join Trust for Na­ture staff and land­hold­ers, Greg and Lynda Oates, for a walk and talk on their Huon Creek prop­erty. Learn more about: plant iden­ti­fi­ca­tion; eco­log­i­cal thin­ning; chain­saw carved tree hol­lows; nest box de­sign and in­stal­la­tion; wildlife sur­vey­ing us­ing mo­tion ac­ti­vated cam­eras; the im­pacts of her­bi­vore brows­ing on the bush; land­holder in­cen­tive projects; and con­ser­va­tion covenants. RSVP by Oc­to­ber 9, phone (03) 8631 5888.

Pub­lic lec­ture: How can we safe­guard the fu­ture of agri­cul­ture. 5.30pm - 6.30pm The Univer­sity of Mel­bourne’s Depart­ment of Ru­ral Health brings you a pub­lic lec­ture with Pro­fes­sor Ti­mothy Reeves. Prof Reeves will dis­cuss the grand chal­lenges for agri­cul­ture and fu­ture food and nu­tri­tional se­cu­rity in Vic­to­ria. Book­ings are es­sen­tial for this free pub­lic event. Held at The Au­di­to­rium, Learn­ing & Teach­ing Cen­tre, Dixon St, Wan­garatta. For more in­for­ma­tion con­tact Di Doyle on 5823 4512 or ddoyle@unimelb.edu.au. Online train­ing for bee­keep­ers. Work­shop to as­sist with online train­ing to help bee­keep­ers com­plete the Biose­cu­rity On-line Train­ing (BOLT) pest and dis­ease course. BOLT course is a re­quire­ment un­der the Aus­tralian Honey Bee Biose­cu­rity Code of Prac­tice for all bee­keep­ers with more than 50 hives. Work­shops will pro­vide as­sis­tance to use a com­puter and com­plete the online course. 6pm-9pm. No charge for bee­keep­ers with more than 50 hives,

THE start of spring has seen the Eastern Young Cat­tle In­di­ca­tor (EYCI) con­tinue its down­ward tra­jec­tory to a level that hasn’t been recorded for al­most two years.

This is a con­trast to the in­di­ca­tor’s up­ward trend dur­ing spring in 2015 and 2016, the re­sult of low US beef pro­duc­tion, a strong global beef mar­ket and fierce re-stocker de­mand.

The EYCI opened the 2017 spring sea­son at 551.50¢/kg cwt and set­tled on 521.25¢/kg cwt by Septem­ber 18, down 24.25¢/kg cwt.

Re­cent years has seen the EYCI ex­hibit sta­ble or pos­i­tive growth dur­ing the win­ter months, while some sea­sonal price dis­counts take ef­fect dur­ing spring when sup­plies typ­i­cally in­crease.

The EYCI did not find the sup­port dur­ing win­ter this year, how­ever, and is chart­ing new ter­ri­tory – even com­pared to the years of 2013 and 2002.

Aside from the sea­sonal sim­i­lar­i­ties of the three years, 2013 and 2002 also rep­re­sent the years where the EYCI de­clined sig­nif­i­cantly over the cal­en­dar year.

There are a num­ber of fac­tors un­der­pin­ning the cor­rec­tion in today’s cat­tle mar­ket - on­go­ing poor sea­sonal con­di­tions have driven in­creased turn-off and im­pacted buyer dy­namic, and de­te­ri­o­rat­ing pas­ture con­di­tions have damp­ened re-stocker de­mand. $20 fee for hobby bee­keep­ers. More in­for­ma­tion, con­tact Jes­sica Hart­land on 0447 245 558 or email jes­sica. hart­land@ecodev.vic.gov.au. Open day, Dookie Ag Col­lege. 10am-4pm Ex­pe­ri­ence the Univer­sity of Mel­bourne’s Dookie cam­pus and the lat­est de­vel­op­ments in re­search, learn­ing and teach­ing in plant and an­i­mal health, farm­ing, food and agribusi­ness. Learn about the cour­ses in agri­cul­ture, vet­eri­nary medicine and food science on of­fer. Ex­plore the 2440-hectare agri­cul­tural cam­pus and its community. Dookie is the largest agri­cul­tural cam­pus in the south­ern hemi­sphere.

Meet stu­dents based at the cam­pus, from diploma- to PhD-level, sam­ple wine, cheese, beer and more as you ex­plore cam­pus, and par­tic­i­pate in in­ter­ac­tive dis­plays. Free en­try. Dookie cam­pus is lo­cated at 940 Dookie-Nalinga Road, Dookie Col­lege.

The pre­mium typ­i­cally paid by re­stock­ers, over feeder and pro­ces­sor pur­chases, has nar­rowed.

In the first two weeks of Septem­ber, av­er­age prices paid for EYCI el­i­gi­ble cat­tle by the three buy­ing groups dif­fered by a range of 37¢/kg cwt - this time last year the dif­fer­ence equated to around 60¢/kg cwt.

In line with sea­sonal trends, the pro­por­tion of EYCI el­i­gi­ble cat­tle sold to re­stock­ers dur­ing Septem­ber-to-date lifted on year-ago lev­els, reach­ing 36 per cent, but de­clined from re­cent months.

This was aided by a de­crease in com­pe­ti­tion from lot feed­ing on the back of re­cov­er­ing grain prices.

Pro­ces­sors, who his­tor­i­cally ac­count for ap­prox­i­mately a third of EYCI el­i­gi­ble cat­tle sales, have seen an on­go­ing de­cline through­out 2016 and into 2017.

Look­ing ahead, a re­cent sea­sonal break for parts of Vic­to­ria and a fairer three-month rain­fall out­look by the Bu­reau of Me­te­o­rol­ogy may boost re­stocker de­mand and pro­vide some sup­port to the mar­ket in the short term.

Mean­while, any wide­spread sea­sonal break in the north is likely to have a longer last­ing ef­fect on de­mand due to the ham­pered re­build­ing ef­forts and lower base from which these pro­duc­tion sys­tems are com­ing from.

GO­ING DOWN: Meat and Live­stock Aus­tralia have re­leased their spring mar­ket re­port, record­ing a de­cline in the Eastern Young Cat­tle In­di­ca­tor.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.