Spring holds the key for price direction

Grain falling through hands

The wheat market is walking a fine line. We know that Russia is still shipping wheat, we know that Ukraine can’t – unless you call the trickle being moved through Romania a reliable outlet. The US was supposed to be the residual supplier to the world, but since the war started, export volumes have if […]

Slip and slide continues for finished lambs

Merino sheep NZ

Finished lamb prices ended another week lower, as processor capacity issues continue to dampen demand. Saleyard prices across all indicators are sitting well below the same time last year. The Eastern States Trade Lamb Indicator (ESTLI) dropped 18¢ this week, landing at 775¢/kg cwt. The ESTLI is currently sitting 67¢ below the same time last […]

Foot & mouth outbreak in South Africa

Wool being sheared off

The big news this week was an outbreak of foot-and-mouth disease in South Africa, and in response China swiftly banned imports of wool from South Africa. Depending on the length of the ban, we may see some extra demand from China in the coming months which should help support the current the market. This week […]

Market prepares to enter holiday mode

There has been evidence of a bit of a late surge of cattle to the yards this week, as producers try to get ahead of the extended slowdown and shut saleyards across the string of Easter and ANZAC four-day weeks in the month ahead. Heavy steer prices jumped up, but cow prices have continued to […]