Quality schemes & low VM wool attracts strong bidding
This week the Eastern Market Indicator (EMI) managed to reverse some of the falls of the past two weeks, albeit marginally, whilst the Australian Wool Exchange (AWEX) reported the strongest buyer focus was on ‘good style, low vm (less than 1% vegetable matter) wools’. The EMI lifted by 1ȼ on last week to close at […]
Russia forces wheat higher
Everyone’s worst fears were realised in the past 24 hours as Russia launched a large scale attack against Ukraine. It seems unbelievable that we are talking about another war in Europe and to watch unfold in real-time adds to the surreal feeling. Broadly speaking, commodity markets exploded higher while stocks and equities took a beating. […]
Heavy on the lamb market
Saleyard lamb prices fell across the eastern seaboard this week with softer bidding intensity noted, despite a good show of quality at many yards. In the West however, the market bounced back slightly from recent falls. The Eastern states Trade Lamb Indicator (ESTLI) lost 19¢ to settle at 810¢/kg cwt. The market had a different […]
QLD yardings surge, US cows decimated
We saw a significant increase in cattle from QLD, for the week ending 18th February 2022. Strong US cow liquidation also paints a rosy picture of US demand for Australian beef into 2023 and 2024. East coast slaughter volumes inched up another 1% last week, which is no surprise given a gentile incline tends to […]
