AuctionsPlus inaugural quarterly “Buyer and Seller Power Rankings” has been developed by the AuctionsPlus Market Insights (AMI) team to increase market awareness regarding the transactional trends and regional movement of sheep and lambs through Australia’s largest livestock market.
March was another very strong month for sheep and lambs offered exclusively through AuctionsPlus, with over 400,000 head offered for sale – registering a 73% clearance rate for the month. Widespread inland rain, especially through NSW, during the second half of the month tightened supplies considerably, as many producers looked towards planning for winter cropping programs, confident that pasture and feed supplies would be ample once the cooler conditions arrive.
AuctionsPlus inaugural quarterly Buyer and Seller Power Rankings has been developed by the AuctionsPlus Market Insights (AMI) team to increase market awareness regarding the transactional trends and regional movement of cattle through Australia’s largest cattle market.
The Australian lamb industry over the past two decades has been a standout performer across the agricultural landscape. From a rising star in the early 2000’s, the value of the industry has consistently increased year-on-year, underpinned by a determined focus on meat quality and optimising the consumer experience – both in Australia and through export markets.
The state of the cattle market in early March 2021 “Unprecedented” Unprecedented must be the most over used word since the Covid-19 outbreak took hold around 12-months ago. It is also the best way to explain the activities of the cattle market over the same period. The EYCI hitting 888.25c/kg cwt in the final week of January 2021 would have been well beyond all optimistic forecasts at the start of 2020, as drought conditions plagued most growing regions.
The transparent and simple dynamics of the Auctions system is a great gauge of who holds the balance in a market at any time – be it housing, the share market or Australian cattle market. With too many buyers and too few sellers, both prices and clearance rates should increase – as was the case for cattle prices throughout 2020.