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Search Results for 90CL indicator
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Market NewsAustralian cattle prices out of sync with global markets19 March 2020FIND OUT MORE
Australian cattle prices have surged dramatically in recent weeks following widespread rain, putting them increasingly out of sync with global markets amidst current uncertainty. -
Market NewsLimited offerings on US imported beef market20 October 2016FIND OUT MORE
As has been the case over the last few months, trading activity on the US imported beef market remained fairly light this week, on the back of lower domestic beef prices and reduced offerings from overseas suppliers. According to the Steiner Consulting Group’s weekly report commissioned by MLA, some imported beef prices increased slightly this week – although mostly due to tight supplies, rather than stronger demand. The imported 90CL beef indicator lifted 3.5US¢ from week-ago levels, to 188.5US¢/lb CIF (up 5.2A¢, to 542.7A¢/kg CIF). Compared to the same time last year, however, the indicator is down 13US¢ (71.4A¢). An update from the US Bureau of Labor Statistics indicates that the US foodservice sector has had weaker sales and foot-traffic results over the last few months. Steiner Consulting believe this is likely to have contributed to lower demand for imported grinding beef, as the majority of imported beef is utilised in US foodservice. Australian and New Zealand beef imports remain limited and the reports suggests that the availability of South American beef is also expected to remain limited for the remainder of 2016. Now more than half way through the month, Australian beef exports to the US (as at 17 October) have reached 5,869 tonnes swt, and there is no doubt shipments will be considerably lower than October last year, at 22,072 tonnes swt (Department of Agriculture and Water Resources). -
Market NewsNZ supplies pressure US imported beef market04 December 2017FIND OUT MORE
US imported beef prices continued to move lower last week – largely due to increased availability from New Zealand, along... -
Market NewsUS imported beef prices trading higher08 June 2017FIND OUT MORE
US imported beef prices trading higher -
Market NewsUS end users sit on the sideline07 September 2017FIND OUT MORE
US end users sit on the sideline -
Market NewsWeakness remains in the US beef market07 April 2016FIND OUT MORE
The US beef and cattle markets generally drifted lower again this week, with end users of imported beef waiting to see any definite price signals before taking a position for summer stock. -
Market NewsLimited spot supplies support US imported beef prices19 November 2018FIND OUT MORE
US imported beef prices found further support this week, as US end users looked to secure product for delivery next... -
Market NewsRestockers driving young cattle market disconnect19 September 2016FIND OUT MORE
The Australian young cattle market is well and truly being driven by strong restocker demand and tight supplies as a... -
Market NewsUS grinding beef price hike11 April 2019FIND OUT MORE
US imported grinding beef prices have risen to levels not seen since late 2015 as buyers eye-off a poor supply outlook.
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