EYCI blessed with fortune at 888
Another week, another red hot record notched up in the cattle markets, with the EYCI continuing to fatten nicely, reaching yet again, an all-time record level. Both slaughter and yardings have picked up from the anaemic levels seen at the start of the year, but the market is still tight as a drum, with both […]
Wool market gets a rocket
While the fine end has been outperforming the market recently, in a week where all of the market lifted it was the medium Merino and cross bred wools that led the pack this week. AWEX reported that the market opened with exporters competing strongly from the outset on the back of strong overseas interest. The […]
Swings and roundabouts
It has been a wild old week in the ag commodities, swinging from limit down to limit up in the space of a couple of days. The initial move lower was sparked by a dearth of new bullish news and an opportunity for some managed money to capture profit. However, just a few days later, […]
Slaughter a little undercooked for Australia day
Typically we see a spike in slaughter in the middle week of January as processors ramp up to get lamb on the barbecue for Australia Day. This year, slaughter was a little light on, and has driven the market higher. An extra 2,100 head (1%) of lambs were processed on the east coast in the […]
