Cattle market hovers in healthy territory
The Eastern Young Cattle Indicator (EYCI) delivered yet another week of stagnation, where it failed to break above the 900¢/kg cwt barrier. Slaughter continued its healthy uptrend, though this is not unusual for this time of the year. Yardings followed on to build on their recovery on the week prior, adding another 6%. Offerings strengthened […]
New crop conditions continue to weigh on the market
World wheat prices have continued to fall this week as new crop prospects improve. Good rain fell across the Northern US and Canada in the past week, with the forecast calling for some good follow up rains as well. The US crop tour is underway with participants calling for record yield potential in Kansas HRW […]
Another fine market
The market overall was reported in a positive light this week, however there were opposing price moves that impacted specific microns and types. In summary, fine wool was keenly sought, while wool broader than 19 MPG was cheaper, especially if it contained elevated levels of VM. The Eastern Market Indicator (EMI) lifted just 5¢ this […]
Softening supply provides support
Simple supply and demand economics were in play this week, as softening throughput and slaughter provided a boost to prices. Trade and heavy lambs found strong support in most states, while store lambs failed to attract buyers. East coast lamb yardings dropped 7% last week, compared to the week prior, to see 162,380 lambs yarded. […]