Restocker prices rally, while heavy cattle tumble.
After several weeks of falls, the cattle market has stabilised somewhat, with the EYCI rising, restocker prices recovering and processor steers making some token gains – however, heavy steer prices have started heading into an abyss. Yardings numbers for last week were a surprise given the solid price falls seen, with the number of cattle […]
Merry Xmas from WASDE
Last night was a ‘big data’ night, with all eyes peeled on the USDA’s WASDE (World Agricultural Supply & Demand Estimates) report. It did not disappoint. Firstly, and somewhat unsurprisingly, the USDA lifted global wheat production citing improvement in Russia (0.5mmt), Australia (1.5mmt) and Canada (0.2mmt). Where they caught the market off guard was by […]
Slaughter slows down and prices still healthy
We’re rounding to the typical peak period of lamb yardings and slaughter, but the numbers still haven’t broken above the unseasonal high in supply we saw in October. Those with stock to sell are reaping the benefits with prices broadly healthier this week. East coast yardings pushed higher again last week, no surprise given the […]
Market up with one week to go
In the second last sale for 2020, the wool market started strongly and continued apace over both selling days. The early indication of buyer interest on the forward markets was a precursor to a strong week of wool sales. Growers accepted the price rally and upped the clearance while reducing the pass-in rate to a […]
