Cattle onward and upward
As we progress toward November, cattle supply continues to show evidence of rapid expansion in line with historical trends. Rising prices in tandem with this, are indicative that demand is more than keeping pace, with the Eastern states Young Cattle Indicator (EYCI) continuously notching up all-time record levels. Confidence in our industry is high, and […]
Planting conditions in the spotlight
There is added emphasis in the condition of next seasons Northern Hemisphere crops. This is not entirely unexpected given the tight balance sheets held by the major exporters. We can expect to see extra volatility in the months ahead as seasonal conditions are as-sessed, stocks are drawn down and the all-important acreage expectations get released. […]
Pressure strikes twice
The lamb market took its second hit for spring this week, with large price falls for finished lambs. Supply continues to move erratically, with producers responding to any weakness in the market and many processors challenged to plan by the current environment. The Eastern States Trade Lamb Indicator (ESTLI) fell 47¢ to 853¢kg cwt, coming […]
Rocky road for wool
The consolidation at the end of last week turned into a retracement of prices this week. AWEX reported this week that the Australian wool market was unable to maintain the strong gains of last week, posting falls across all categories. The Eastern Market Indicator (EMI) fell 36ȼ or 2.7% for the week to close at […]
