19 April 2010

1 minute read

Oceania

Export prices are being buoyed by the coincidence of a lift in US and Russian demand for trimmings. The subsequent rise in prices has forced Japanese buyers to follow suit. Korean prices were also reportedly firm to dearer, says Meat and Livestock Australia.

Numbers and stock condition post-Easter will be a major determinant of cattle price trends in the near term. A solid seasonal surge in finished cattle supplies and cull cows through late April/May would likely see price falls, before the normal winter rise commences.

While there was little change in young cattle saleyard prices this week, the national Japan ox indicator lifted a further 6¢/kg cwt, to be 10 per cent higher than the same time last year, and US cows lifted in Queensland, NSW and WA.

TheCattleSite News Desk