Volatility dials it up a notch or two
Another week, another raised bar for volatility. The wild swings we are seeing, all precipitated from the war in Ukraine, are creating uncertainty and disengagement in the trade. The gap between the futures market and the cash market continues to be distorted, to the point where the trade are stepping aside. The market, designed to […]
Lambs finally finding the kill floor
Lamb slaughter has started to pick up, and heavy lamb prices have headed south as we move into the autumn. While they have been in no way record-breaking, processing throughput figures have started to move higher over the past month, signifying there’s plenty of lambs out there ready for slaughter and that capacity has returned […]
Resolved logistics boosts cattle flow
With the Brisbane port returning to service and alleviating logistics constraints in QLD, slaughter surged higher last week, and with it, producer confidence, as cattle also returned to the yards in spades. East Coast slaughter recovered strongly last week, rising 16% on the prior week to 89,801 head. The uplift was driven primarily by a […]
EMI roller coaster continues
The wool market was mostly weaker this week although some of the indicators posted modest gains. AWEX reported that good style wools carrying less than 1.5% vegetable matter were limited in supply and highly sought after. Strong buyer interest in these lots kept prices up, but in the end with only 40% of total fleece […]
