Cattle Market EYCI Report 12 Dec 2023
The Australian cattle market has presented a dynamic landscape as reflected in the latest Eastern States Young Cattle Indicator (EYCI) report dated December 12, 2023. The EYCI, a key benchmark for cattle pricing, is showing a mix of trends across various saleyards and cattle categories. The report highlights a drop in the average price for […]
Waga Cattle Sale Report 11 Dec 2023
In a recent sale at Wagga Saleyard, there was a notable increase in cattle numbers, totalling 7,590, which is an increase of 1,790 from the previous sale. This surge can be attributed to the higher prices observed last week and the impending closure of sale yards over the Christmas period. The market remained stable for […]
Tamworth Cattle Sale Report 11 Dec 2023
In the latest cattle sale at Tamworth Saleyard, a notable increase in total yarding was observed, with 2,560 cattle presented for sale. This figure represents an increase of 605 from the previous sale. Analysts attribute this surge to the upcoming long break in sales and the recent spell of extreme heat. The sale featured a […]
Cautious Optimism in Meat Markets as Exporters Note Potential Upswing
Meat exporters in New Zealand are witnessing tentative signs of recovery in crucial markets, although these are not substantial enough to prevent Alliance Group from reducing its forecast lamb and sheep meat prices through mid-February. Both Alliance and Silver Fern Farms have observed indications that prices in key European and Chinese markets may have reached […]
Meat and Livestock Australia Introduces New Online Market Indicators Amidst Rising Digital Sales
In a significant move to adapt to the digital transformation in the livestock market, Meat and Livestock Australia (MLA) has introduced two innovative market indicators. These indicators, the Online Young Cattle Indicator (OYCI) and the Online Lamb Indicator (OLI), are designed to track the online sales of cattle and lambs, reflecting the sector’s increasing shift […]
New Research Sheds Light on Kiwis’ Dietary Preferences: Majority Favour Red Meat
In a landscape where plant-based diets are gaining global acclaim for their health and environmental benefits, a recent study from the University of Auckland presents a contrasting picture in New Zealand. The research, which delves into the dietary habits of Kiwi adults, indicates a strong preference for red meat, with vegetarianism and veganism being less […]
New Zealand’s Emissions Trading Scheme Auction Sees Tightening of Carbon Unit Supply
The final auction of the year for New Zealand’s Emissions Trading Scheme (ETS) did not sell all 15 million carbon units on offer, indicating a potential tightening of supply as the new year approaches. This development could lead to an increase in carbon prices. In this latest auction, the majority of the 15 million New […]
FAO Reports Steady Food Price Index with Notable Changes in Key Commodities
The Food and Agriculture Organization of the United Nations (FAO) has released its monthly Food Price Index, which monitors changes in the international prices of a basket of globally-traded food commodities. The latest report shows a mix of increases and decreases across different food categories. In the cereals sector, the FAO Cereal Price Index saw […]
New Zealand Agriculture Braces for Unusual El Niño Weather Pattern
As the cyclone season, only six weeks old, has already seen three severe tropical cyclones, New Zealand’s agricultural sector is facing an unusual El Niño weather pattern this year. This pattern is atypical for any given year, especially during an El Niño phase. Both NIWA (National Institute of Water and Atmospheric Research) and Australia’s Bureau […]
Optimism in the Rural Sector Despite Challenges: A Look Ahead to 2024
As 2023 draws to a close, many in the rural sector are eagerly anticipating the end of a challenging year marked by extreme weather events, fluctuating commodity prices, and rising inflation. The added burden of ongoing regulatory demands has made it a particularly tough year for those whose livelihoods depend on the land. The recently […]
