Market shrugs off concerns
The concerns reported in the wool market last week seemed to dissipate as wool auctions this week steadied. The finer types recovered the falls of last week, while minimal movements were observed for the rest of the market. The Eastern Market Indicator (EMI) gained just 2ȼ for the week to close at 1,339ȼ. The Australian […]
Mixed price movements but confidence grows
Results were again mixed in this week’s market, with Merino and Restocker lamb prices improving, while the finished market lost some shine. But with the forward contract prices on offer, there is plenty of positivity in the outlook for lamb. Last week saleyard lamb throughput increased in both South Australia and Victoria, offsetting a decline […]
Heavy cattle can’t resist gravity
The Eastern Young Cattle Indicator (EYCI) reached a new all-time high this week before running out of steam and falling back to just above where it started, while the market for heavy cattle consolidated, giving back some of the incredible gains last week. While headline slaughter numbers only dipped 1% last week, there were swings […]
