ESTLI slides, VIC light Lambs dip
The Eastern States Trade Lamb Indicator (ESTLI) lost ground again, dipping 19¢ (2%) to finish at 808¢/kg cwt on Thursday’s close, down from 827¢/kg last week. The ESTLI is now around 7% below the peak of 888¢/kg reached in early January. East coast lamb yardings last week plunged by 14%, bringing numbers on offer to […]
Incoming: Glorious rain, but transport issues ahead!
The cattle market continues to track along lethargically, supported by tight supply; indicated by the stubbornly low slaughter rate. The EYCI has slipped slightly, however, looking to the west, the WYCI jumped 41¢, or 4%, adding to the dream upward run it’s been experiencing all year. The excellent weather outlook (at least for those who […]
Good global weather trims risk premium
Wheat market remains in a holding pattern, if anything drifting lower on the absence of any news that would propel it higher. The next big data dump will be the March 31 USDA’s stocks and acreage report. This will give us a good look at how much carryout has been eaten in to, but also […]
Falls across the board
After weeks of incremental rises across most categories; all market indicators fell apart from one for the week ending 19th of March 2021. The Eastern Market Indicator fell 32¢ for the week to finish at 1277¢. The drop in US terms was a little less dramatic, however, thanks to the continued strengthening Aussie dollar, falling […]
