Wheat sweats on New World order
As I’ve said before, a week in wheat can be a long time, and this week is no exception. In the space of seven short days, Russia invaded Ukraine, the world united against Putin’s tactics with a barrage of unprecedented economic sanctions, the wheat market rallied, fell and then rallied some more, coal/fuel/energy prices have […]
Market softens overall
The wool market softened this week overall with AWEX reporting the skirting market was the strongest performing sector for the week, especially those with less than 5% VM levels. The Eastern Market Indicator (EMI) fell again this week, slipping 14ȼ on last week to close at 1,407ȼ. The Australian dollar continued to strengthen, improving by […]
Floods dampen demand for finished cattle
Sometimes you can get too much of a good thing, and the flooding rains in northern Australia have caused some serious disruption to the cattle industry over the last week by shutting down processors and ports and making roads impassable. The market held up well though, all things considered despite a distinct but understandable lack […]
More disruption ahead
If our supply chains hadn’t been stretched enough already, they will once again take a hit in the areas affected by floods, and surrounding regions. Saleyard lamb and sheep prices continue to trade lower year on year through what has already been a disruptive time. If our supply chains hadn’t been stretched enough already, they […]
