Strong supply, record prices result in a correction.

Cattle in saleyards with agents

The week in cattle has been a disappointing one, where prices have tumbled across the board, with restockers and heavy steers hardest hit. Saleyard supply keeps ramping up, with yarding’s steadily increasing, but the latest slaughter numbers showed a reduction which is not typical for this time of year. Overall, the feeling is that there […]

Grass fever cases keep the market buoyant

Flowing supply in the south caused a small dip in saleyard lamb prices this week, although a wet summer outlook from the BOM has Restockers still banging at the gate. Mutton was a mixed bag depending on where you were looking, with strong demand in WA and Victoria offsetting weakness in the other states. For […]

Tipping the scales – risk vs supply

The market is in a finely balanced state at the minute. The 2020 wheat crop is now largely known, albeit with a few minor adjustments to be made to the Aussie and Argentinian crops. Timely rain in the Black Sea and US Plains has removed some of the concerns around the condition of the winter […]

Steady but selective wool market

Wool being inspected

In contrast with recent weeks the wool market this week was remarkably steady. AWEX reported that over the previous ten selling days the market fluctuated a total of 561 cents, or 56 cents per day. This week the average EMI movement was just 4.5 cents over the 2 selling days. The cautionary note was that […]