Aus wheat basis continuing to shrink
Australian spot wheat prices continue to inch upwards as booked loads containing some residual spot exposure within our congested shipping stem begin to emerge. Grain and oilseed markets remain volatile as markets wait with bated breath for every snippet of information about the continuing war in Ukraine. The negative basis between Australian cash bids and […]
Caution in the market
The Australian wool market recorded falls across the board this week, in tandem with a large rise in the Aussie dollar. AWEX reported that the offering this week was ‘slightly better’ than last week, with strong buyer attention to types with AWEX Style 4 or better although this did not translate to higher prices than […]
Young cattle in strong supply
Both yardings and slaughter dipped last week in line with the seasonal trends , but while the EYCI strengthened, the restocker indicator has continued to decline and cows have fallen out of favour after reaching an all time high only a fortnight ago. East coast slaughter dipped 3% last week to 87,030 head, with VIC […]
Labour pain hits WA trade lambs
Most sheep and lamb prices have softly slid lower over the past few months. Albeit restocker lambs which continue to bounce week on week. Trade lambs in WA have generally been keeping pace with values in the east, but this week bucked the trend. The Eastern States Trade Lamb Indicator (ESTLI) found an extra 3¢ […]
