Rain turns livestock availability into a regional purchasing question

Rainfall across large parts of Australia is changing livestock availability and, with it, how cattle and lamb prices should be interpreted. Meat & Livestock Australia’s weekly report of October 30 does not attribute the movement to a single indicator: it links rainfall, improved feed bases, lower saleyard throughput and producers’ decisions to retain stock.

National cattle yardings fell 8% week on week to 52,233 head. In Queensland, saleyard volumes dropped from 116,873 head in September to 62,933 in October. MLA’s interpretation is that rainfall strengthened feed availability and reduced the immediate incentive to sell. All cattle indicators rose during the week; the Processor Cow Indicator reached A$4.07 per kilogram liveweight, a record according to MLA.

In sheep, national lamb yardings also fell 8%, to 52,233 head. The Heavy Lamb Indicator gained 2.6%, reaching A$11.59 per kilogram carcase weight. Local reports nevertheless described uneven quality and condition, with a lack of freshness in part of the new-season offering.