Overflowing cold storage threatens slaughter
The knock-on impact of the floods has weighed on producer confidence, with yardings in QLD and NSW plummeting last week, but there are early signs that a return to market occurred this week. The pressing problem at the moment though is a sea of beef sitting on the docks and clogging up cold storage all […]
Mutton firm against the tide
This week in lamb saw prices mostly track lower on the back of what appears to be more demand than supply at the moment. The exception is mutton however, which has held its own against the downward trend. The national sheep and lamb indicators were mostly red this week, with falls right across the board, […]
Market lifts despite concerns around export logistics
Shipping availability and delays continue to be a concern for exporters as reported by AWEX this week. Delays and backlogs don’t look like easing up anytime soon, due to recent high volumes of overseas sales, combined with lack of shipping availability, we now have most wool stores reporting they are ‘nearing maximum capacity’. Despite concerns […]
USDA report fails to gain any headlines
The wheat market has gone through the proverbial wringer in the past week. Having seen multiple ‘limit up’ days, the rubber band has finally snapped back, snatching back much of the gains seen in the past seven days. It is hard to pinpoint the actual catalyst for the reversal of sentiment. Fundamentally the market can […]
