Restockers retreat, and the AUD tumbles

Multiple angus cattle

The cattle market is all swings and roundabouts this week, with the EYCI lifting a little, and cattle destined for the slaughter market advancing, but restockers and feeders losing favour and falling back somewhat. A promising development has been the Aussie dollar tanking 3.3% to only 0.705 US. East coast yarding’s retreated a substantial 17% […]

Demand in the driving seat

Golden grain harvest

The recent activity in the wheat market has been both a little surprising and welcome at the same time. Dec ’20 CBOT wheat futures rallied something like 40¢/bu in a week, dragging up ASX and cash prices around $10/t. It has been very welcome for growers looking for opportunities to make forward sales and has […]

They’re out in force in NSW

Sheep in field

Yards felt busy last week according to those on the ground and combined with the stronger market was very encouraging. Now we have the numbers to back up that yards in NSW were indeed jam-packed with lambs, and with prices again edging higher it looks like buyer appetite has returned. On the east coast, lamb […]

Positive news all round

One quick way to check on the wool market is to look at the pass-in rate. This week it was 2.7% nationally; the last time it was at this level was in August 2018, with a very different market in play. With a strong start to the week, by the end of selling on Wednesday […]