Green ink lights up the market
This week was characterised by a dose of broad positivity, as the national indicators for all cattle categories climbed further upwards. News that new all-time record highs are being set almost becoming monotonous now, not that any producers are complaining though. Slaughter took another dive last week, down 6%, following the typical pattern of decline […]
Cheaper market amidst scattered supply
Weather and Covid are playing havoc with lamb supply. We know new season lambs In Victoria are behind schedule and awaiting some warm, dry days to finish in many areas. They didn’t find it this week, but reports of extra supply of trade and store lambs depressed prices. Meat & Livestock Australia yardings and slaughter […]
Volatile ride continues
It was noticeable that Chinese demand remained subdued this week and this was reflected in a generally sluggish wool market. The reported concerns related to energy and power supply in China has dampened demand and caused processors to take a cautious approach to greasy wool purchases. The Eastern Market Indicator (EMI) fell 16ȼ or 1.2% […]
