Claims extracted
20
sentences that state something as happening or true
Uncertain
5%
1 of 20 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
68/100
ABC News (AU)'s corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Cattle prices jumped this week as heavy rain fell across key production areas in Queensland and northern New South Wales.
asserted
rain → jump → Queensland
Meat and Livestock Australia's (MLA) benchmark Eastern Young Cattle Indicator (EYCI) surged beyond 1,000 cents a kilogram, as restockers and backgrounders competed for numbers.
asserted
restockers → surge → numbers
"The cattle market shifted to a new gear off the back of this rain," Stuart Bull, MLA's market information manager said.
asserted
Bull → shift → rain
"Some of these regions were in need of a good drink and this rain has really helped pushed prices, along with fewer cattle coming to market."
asserted
cattle → push → market
At Roma on Tuesday, some weaner steers from the Winton region sold for an incredible $7 a kilogram, which equated to more than $1,900 a head.
asserted
which → sell → 1,900
At Dubbo, the local saleyard report said restocker demand "sparked a market boom".
asserted
demand → say → boom
"Restocker demand was a stand-out, with young cattle selling up to an impressive 80 cents per kilo dearer [than last week]," the report said.
asserted
report → sell → week
"Young steers reached a top of $7.40/kg, while young restocker heifers sold to $6.50/kg, showcasing the strength of competition and confidence among buyers looking to replenish their herds.
asserted
heifers → reach → herds
Scott Loughnan, who runs a mixed farming operation west of Roma, had received more than 160 millimetres of rain when he spoke to ABC News.
asserted
he → run → News
"We'd organised to feed cattle all summer with forecasts of a super El Niño,"he said.
"
asserted
We → organise → Niño,"he
It was apparently never going to rain again, but this will definitely make it easier."
asserted
it → go → ?
Mr Loughnan was in the middle of harvesting wheat, barley and chickpeas, and said for winter crops in the area, the rain was "not very good".
asserted
rain → harvest → area
"I looked at some chickpeas this morning and they might not be much good, but I'm trying to look at the positives that this rain will grow us some grass and give us moisture for the next planting.
uncertain
rain → look → planting
Meanwhile, MLA's national processor cow indicator has cracked $4 a kilogram for the first time on record, and the national heavy steer indicator has also reached a new high of $4.77 a kilogram.
asserted
indicator → crack → 4.77
Global AgriTrends livestock analyst Simon Quilty said the supply of heavy steers was tight and processors were competing against feedlots to secure numbers.
asserted
processors → say → numbers
"Once upon a time, feedlot operators wanted 450- to 500-kilogram steers, that was the preferred weight," he said.
asserted
he → want → steers
"But that's now been lifted because of the lack of supply and they're taking 550 kilograms to almost 630 kilograms, creating an overlap [in demand] between processors and their needs for slaughter-ready cattle and the feedlotters who have extended the requirements of their cattle.
asserted
who → lift → cattle
"So there's competition for numbers between the north and the south of Australia, plus processors versus feedlots [and] the net effect is this incredible demand for heavy steers that I think will continue."
asserted
I → be → steers
Mr Quilty believes Australia's cattle industry is at the start of a herd rebuild and is forecasting cattle prices to increase next year.
asserted
prices → believe → rebuild
He is forecasting heavy steer prices to rise by about 20 per cent to about $5.70/kg next year.
asserted
prices → forecast → 5.70
The Aporia