EYCI holds, and Restockers return
A more positive week for cattle to report on with the EYCI holding its ground, slaughter increasing and many of the categories putting on some respectable gains. We saw restockers returning to favour, as well as heavier animals and vealer pricing going in the right direction. East coast yarding’s advanced 5%, with QLD numbers coming […]
The politics of wheat
China has indicated that ‘enhanced inspections’ on Australian wheat will be enforced going forward. It is another shot across the bow amid increasing tension with Beijing. It is no doubt a political move, another warning that pushing China too hard on COVID, South China Sea, Hong Kong, Human Rights, spies/consular officials etc. etc. will not […]
Positive price correction continues
The winning combination of increasing supply and higher prices points to the lift in competitive spirit for lamb markets. This weeks’ cross-category price rises pushed the market Indicators back above month-ago levels, signalling that the plummeting prices we saw in August was an overcorrection. East coast throughput for the week ending the 11th of […]
Wool has a little run
Last week the reduced offering was noted as a contributor to the turnaround in the wool market, however this week a 5.3% EMI rise was observed despite an increased offering. Fremantle joined the better demand and finished strongly; a good pointer to next week’s prospects. The Eastern Market Indicator (EMI) rose another 47¢ to close […]
