Planting Intentions rattle the market
Last night, the USDA released their March quarterly stocks report. Typically considered a cornerstone in data for the coming season, this report didn’t disappoint. The actual numbers published were outside the average trade estimates and this gave the market the push it needed for another volatile night. (figure 2) In short, corn acres came in […]
Large offering last week, not matched this week
Ongoing flood disruptions up north and some drier weather in some parts of the south saw demand generally soften this week, with less cattle on offer according to Meat & Livestock Australia’s market report which commented ‘yardings were down in Roma and Dalby in light of recent weather events’. Official east coast yardings are delayed […]
Strong supply pushes resilient market south
Lamb prices this week were trimmed back by what has probably been a substantial increase in supply to the saleyard, and prices largely went south as a result, with the Merino lamb category copping the lion’s share of the damage, and carnage in the WA markets. Last week’s yarding’s data revealed that lamb supply was […]
Weaker then stronger market by weeks end
The Australian wool market continued to decline this week, although AWEX reported that there were positive signs in the final selling day at all three centres. The early falls for the week were not fully recovered by weeks end, however there was a noticable increase in buyer confidence resulting in stronger bidding by the close […]
