January WASDE spooks the Bulls
This week the wheat market has ground lower as first, the anticipation of the Jan WASDE report saw market participants take to the sidelines, and then trading the higher ending wheat stocks as reported by the USDA. Global ending stocks for corn and beans are down slightly month on month, but wheat is seen as […]
Opening sales positive
The opening sales following the Christmas recess showed a positive approach with all MPG’s improving on the closing 2021 levels. While the merino fleece led the way, the improvement was noted across all types, with crossbred and cardings posting gains as well. The Eastern Market Indicator (EMI) rallied 31ȼ for the week to close at […]
Slower start to the year
The saleyards have opened the year slightly softer overall, although demand is still very strong and all indicators are still historically very high. The story of the week was low supply, with Covid again affecting supply chains across the board. AuctionsPlus reported last week that cattle prices are continuing to ‘challenge record levels’. AuctionsPlus also […]
Processors pinched but no plummeting prices
Looking at prices across the lamb & sheep market, you could almost be forgiven for thinking that it was all smooth sailing. In reality, we know that processing capacity is limited, and supply chains are stretched, but the seasonal conditions will continue to support market fundamentals. The Eastern States Trade Lamb Indicator (ESTLI) ended last […]
