Rains on the Plains?
The merry-go-round that is the weather market remains firmly in place. After last week’s WASDE fireworks, the weather forecast flipped to a cooler, wetter system and the ag commodities came crashing back down to earth. The change in weather conditions across the US Mid-West is ideal for row crop development and flowering/silking. Models are chopping […]
Big offering, little price movement
The second last sale of the 2020/21 wool season started with a large offering but minimal price movements, mostly in the downward direction, although not as harsh as the previous week. AWEX reported that the West showed signs of improvement late on Tuesday which carried over into stronger buyer sentiment on Wednesday. Despite the mid-week […]
Heavy Steers light a fire under the EYCI
It seems that the voracious demand for young cattle has almost no end in sight, with the EYCI continuing to spiral skyward to reach, yes, another record of 954ȼ/kg this week. Unseasonably large contractions in slaughter and yardings, along with a lifting market indicate that the market is continuing to tighten this winter. Against the […]
Glory for mutton
Mutton is back in the limelight. You could argue that it never really left considering how strong the market has been, however this week prices moved to the top with the National Mutton Indicator hitting a level only breached once before. The Eastern States Trade Lamb Indicator gained an extra 15ȼ over the week to […]
