Over the hooks update – 6th June 21

The latest Cattlefacts Over the Hooks update for first week of June is out to cattlefacts members.

Updated grids for Teys and Wingham – Cows slightly higher.

Quite a big week this week in beef news, with all that is happening with the JBS cyber attack and the blow back from the Argentina decision. It is interesting that there are no major price rises in the grids to hand with the potential of even further tightening of supply into the future.

Here are a few articles on the current situation.

https://www.farmonline.com.au/story/7277702/global-cattle-prices-soar/

TIGHT supply across many cattle-producing regions combined with red hot demand for animal protein is pushing both cattle and beef prices internationally to records.

https://www.thomaseldermarkets.com.au/livestock/grinding-higher/

Nice analysis from TEM on the narrowing of discount percentage spread between the 90CL and EYCI on the back of Argentina suspending beef exports!

https://www.beefcentral.com/news/jbs-begins-reopening-meat-plants-impacted-by-weekend-cyber-attack/

JBS begins reopening meat plants impacted by weekend cyber attack.

https://www.abc.net.au/news/rural/2021-06-02/live-export-company-nacc-voluntary-administration/100184262

Live exporter North Australian Cattle Company goes into voluntary administration.

https://www.beefcentral.com/news/jbs-begins-reopening-meat-plants-impacted-by-weekend-cyber-attack/

Live exporter North Australian Cattle Company goes into voluntary administration.

Now onto the beef prices!

* All the new Teys grass grids released are steady, except for cows which are up 20c. Teys updated their grass grids this week for Beenleigh, Rocky, Bioela. Grids are dated 27/05. All grids are all numbered (#12-21). We also have a new premium grid in for Teys Rocky ((#012-21), prices are steady on the last premium grid.

* NH Wingham have updated their grid for Wingham via the web. Prices are steady where as cows are up 10c on the last grid Wingham released.

 

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