New highs for EOFY
The cattle market finished the end of the financial year on a strong note, with robust demand from restockers and feeders continuing to corner the market. This pushed the Eastern Young Cattle Indicator to a new record of 942ȼ/kg cwt, while the 90CL beef price remains firm. Despite this exuberance, the National heavy steer price […]
Lamb market races ahead
A boost in supply last week wasn’t enough to hold lamb and sheep markets in their place. Prices are on the up, and the Eastern States Trade Lamb Indicator is now back at levels not seen since February. For the week ending the 25th of June 348,596 lambs were processed in the east. This was […]
Bulls are on the loose again
The USDA’s stocks and acreage report threw an almighty curve ball on Thursday morning. The market appeared to be completely blindsided by the fact that the US farmer didn’t follow the money, instead opting for the common sense approach of maintaining a good rotation. Despite the fact that corn and bean acres did not meet […]
All good things must come to an end
Alas the wool markets stellar momentum came to an end this week. The final week of sale for the 2020/21 season saw a large offering presented to a lacklustre market which resulted in an end to the six week streak of price improvements. Despite the final week capping off the season with a bit of […]
