EYCI at all time high, Restockers boom
The EYCI climbed to a new record level this week- now almost nudging the 800 ¢/kg mark, and has never been higher since the index started. A strong surge in restocker prices is yet further indication that we are most likely in the swing of a herd rebuild, and all other categories have been caught […]
Wool shakes off last weeks concerns
There was a sigh of relief when the wool market this week rebounded to pick up most of last week’s price correction. With increased volume this week and projected for the coming weeks many were nervous that the brief September rally was a mirage. While this still could be the case, there is an equal […]
Hot hot hot on the lamb job
The numbers at yards are picking up and the numbers following the $ sign are impressively still rising too. In a real sign of market strength, all key lamb and sheep price indicators are currently trading above a year ago levels. The Eastern States Trade Lamb Indicator (ESTLI) gained another 26¢, or 3% on the […]
Stock reports and hand grenades
Just when you thought the grain markets were stabilising, in the words of Brendan Dart (Dartboard Commodities), the “USDA rolled a hand grenade under the table”. The September stocks report came out late last week and blew everyone out of the water, with some significant adjustments which have left more than the odd person baffled. […]
