Tight supply, veal gets some love

Cattle in a sale yard

Another encouraging week to report on, with tight supply supporting prices, slaughter up, and the EYCI up a smidgen, with a surprising highlight being that the long suffering vealer price finally saw some love, spiking sharply. East coast yardings plunged downward sharply last week, led by NSW taking a huge tumble, down 48% for the […]

Rain tipping the scales in favour of a big crop

Wet barley crop

RAIN – We know you have all been watching this forecast evolve over the past week. With most of the weather models in alignment, it is the most promising rain event for the year. We don’t want to jinx it, lets just hope it falls where you need it. There have already been good falls […]

Better to slow down than shut down

Lambs in grassy paddock

The red meat sector was weaving through COVID-19 challenges relatively unscathed. At the end of the day, people have to eat. But just the announcement of new processing restrictions in our largest lamb producing state was enough to send the lamb market into freefall this week. While there was some earlier confusion over the specifics […]

Sales resume but it’s not pretty

Merino running from shed

While we were cautiously optimistic to the finish of sales before the three-week winter recess, the resumption of sales delivered a blow to any hopes that we had found the bottom. The wool industry is the most impacted of the major commodities, with “red ink” across all indicators at wool sales this week. The Eastern […]