Macro markets lead wheat on a merry dance
It has been a wild old week in the wheat pit. Wheat and raft of other commodities have been caught up in a global sell off, triggered by the new COVID variant and concerns what that might do to the global economic recovery. It feels like it is the macro economic fac-tors, or maybe just […]
Steady market with fine wool the driver
The tone of this week’s market was one of stability, with AWEX reporting the market posted another small increase. The finer end of the market was the strongest performer, although solid demand was reported across all merino types. The Eastern Market Indicator (EMI) gained 5ȼ for the week to close at 1,346ȼ. The Australian dollar […]
Restockers rule – strong demand continues
Whilst those in charge of mowing lawns aren’t happy with this continuous rain – producers with mouths to feed are very happy with the conditions, and it’s showing in the prices paid for cattle in saleyards and online. AuctionsPlus reported “competition is again anticipated to be fierce” in today’s sales (Friday 3rd December, 2021), with […]
Yards loaded in the south
Supply pressure in Victoria was evident in the market this week with all types of lambs except those at trade weight ending cheaper. North of the border though, throughput is easing which helped to create a stable to dearer market this week. The Eastern States Trade Lamb Indicator increased 8¢ to 849¢/kg cwt over the […]
