Don’t count your chickens before they’ve hatched
The CBOT wheat market caught a bid last night and closed at a new record for Dec ’22 at 1108¢/bu or roughly AU$572/t. (table 1 & figure 2) The troubled HRW market (KBOT) also bolted and closed the trading session at 1181¢/bu or AU$610/t. The news that India might have overstated their ability to become […]
A strong week for the wool market
It was a strong week in the wool market to follow the turnaround of last week, with the Eastern Market Indicator (EMI) lifting 24 cents for the week. The improved market was widespread, with all indicators posting gains. Again, special note was made by AWEX of the “strong demand for best style/low VM fleece types”. […]
Signs of renewed post-holiday demand
This week was one of positivity despite the increased supply coming onto the market as we experienced the first full week of sales uninterrupted by holidays in almost a month with prices supported by a more complete contingent of buyers. Most price indicators gained ground, with a huge surge in medium steer prices a standout. […]
Yardings bounce back
Yardings bounced back last week with mixed results across saleyards as patchy rain may have some producers questioning restocker intentions going into next season. On average, all the national indicators rose though bar mutton. Slaughter numbers also rose last week with a 6% lift in lambs slaughtered on the week prior to just over 300,000 […]
