Steady as she goes, and Panic in the US.

After a history making week last week, where the EYCI reached record heights, the market was more relaxed this week, with only a minor slide booked in the EYCI, while gains were booked in both processor steers and medium cows. Ballarat PTIC females hit $3,700 /head today, highlighting that restocking and replacement is still high […]

Steady is good

Flock of sheep by the water

A steady result over the two-day sales after the strong January open to wool sales was observed this week, with AWI calling the week a comparatively sedate market. Buyers were happy to accumulate supply but showed little interest in pushing prices higher. The Eastern Market Indicator dropped 6¢ or 0.5% for the week, to close […]

Volatility and the Spirit of Glasnost

Another week and another round of market volatility. To be fair, volatility doesn’t always mean the market moves sharply up and down, but it is relative to the long-term price action for a particular time of year. Traditionally, as the Northern Hemisphere sleeps through their winter, the wheat market also tends to tread water, waiting […]

Lamb lockdown

Lambs in stock pen

They say there’s very few lambs left in the south, and tight supply certainly got tighter last week with the public holiday stripping weekly saleyard throughput back by over half. More rain in Victoria kept Restockers wanting more, with prices moving higher. For the shortened week ending the 29th of January, 58% fewer lambs appeared […]