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Australia (National)
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Australia’s live cattle export numbers lifted significantly in July but remain subdued for the YTD compared to the five-year-average.
The lamb market showed resilience with the majority of indicators experiencing a rise, while sheep prices held firm to slightly better.
West Australian lamb yardings have maintained more momentum than in the east so far this year, only dipping 2% compared to 21%.
Last week’s rainfall buoyed southern cattle demand, pushing prices higher across the board as yardings continued to drop lower in the north.
There were mixed results in the sheep and lamb market this week as wet weather in the south helped push yardings lower again.
The average NMI price for the June quarter hit a new record this year on the back of plummeting sheep supply and subsequent slaughter.
The cattle market maintained its upwards momentum over the past week as the arrival of spring buoyed prices further
Australian beef exports felt the effects of tariffs in August, but demand from the US and strong domestic supply kept volumes at high levels.
Australian beef exports felt the effects of tariffs in August, but sustained demand from the United States and strong domestic supply kept volumes at historically high levels.
Lamb market was slightly softer this week, but you’d be hard pressed to find a producer who isn’t achieving some ‘best ever’ returns on Lamb
