Young lambs take to the field
After last week’s market was defeated by a surge in lamb supplies, the correction kept some sellers away and most yards reported lower throughput this week. The market ended weaker again, with light lambs the sole goal kickers in terms of price improvements. A large lift in supply last week was the contender to what […]
Strong open to the market … then caution
This week the market bounded out of the blocks to record one of the biggest one day rises in the past 10 years, however exporters found their customers pulling back prices on the final day as they took stock of the strong rally. The big story is that by the end of the week significant […]
Exporter weather in the spotlight
Grain markets continued to see support last week, with CBOT wheat (Dec’ 20) break-ing through key technical resistance of 600¢/bu. The strength of the rally is being driven by on-going weather concerns in the Black Sea region, parts of the US Plains (HRW) and South America. Corn is similarly lending support as unabated demand from […]
Another record for the EYCI, and a rush back to the yards.
As predicted, there was a huge flurry of activity last week, with yardings rocketing skywards and slaughter rebounding strongly. There was no sign of hesitation in the EYCI this week, hitting the 800c mark on Thursday and booking up yet another record. The 90CL has stabilized, for now, but it probably won’t last. After taking […]
