Thursday, 10 September, 2020
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‘Bullish’ market forecast By Jeremy Sollars
Cattle - and sheep and lamb - numbers at Warwick have fluctuated in recent times but cattle prices are showing consistent strength, at least for the time being. sales to 440 cents per kilo. “Heavy weight yearling steers made to 414 cents to average 387 cents per kilo.” One sale does not a season make but current prices may be the local reflection of what Rabobank at least sees as a ‘bullish’ start to the spring-summer period in our region. “Optimism among the state’s beef sector buoyed by strong cattle prices and favourable seasonal conditions - has seen Queensland rural confidence edge higher over the past quarter,” a Rabobank spokesman said. “While confidence among Queensland farmers was still well short of the early year highs recorded in quarter one this year, optimism was slowly returning after a mid-year fall in sentiment. “The latest survey, completed last month, revealed that while just over half of the surveyed farmers - 51 per cent - expected agricultural economic conditions to remain relatively unchanged over the coming year, those anticipating conditions to worsen had eased back from last survey to 20 per cent (from 27 per cent). Continued page 3
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Spring is here and while the Southern Downs and Granite Belt regions remain drought-declared there are signs of optimism for our rural industries, with hope ever springing eternal for those on the land. While cattle numbers in particular at the Warwick Saleyards remain relatively low - although fluctuating widely week-to-week prices are likewise relatively strong, reflecting what the latest Rabobank Rural Confidence Survey says is optimism within the wider Queensland beef sector. The cattle yarding at this week’s Warwick cattle sale saw a total of 632 head go over the scales, well up on the previous week’s yarding of 347. Meat and Livestock Australia (MLA) said of this week’s sale that “overall quality was generally good with a lift in the standard of the lightweight young cattle”. “A fair panel of export buyers was present and operating along with the usual trade and feeder buyers plus local and interstate restockers. “A lift in quality plus stronger demand resulted in light weight yearling steers gaining over 40 cents per kilo. “However yearling steers to feed experienced only quality-related price changes, and yearling heifers followed a similar trend. “Yearling steers under 200 kilos made to 550 cents, while yearling steers under 280 kilos made to 544 cents, to average 489 cents per kilo. “Yearling steers to feed for the domestic market averaged from 419 to 422 cents, with