Yardings lift along with heavy steer prices
Last week we saw cattle yardings lift back towards 5-year average levels as we had our first full week of sales since May, while slaughter numbers lifted back to around last year’s levels but are still well down on the 5-year average. The increase in numbers to the yards saw most of the national indicators […]
Tick, tick, tick … boom!
The USDA released their world stocks demand estimates last night and quietly put a bomb under the wheat market. Corn and bean stocks came in above trade expectations which set a tone for a lower pricing during the night, but all the attention focused on wheat, where global ending stocks shrank more than the trade […]
Lamb market nosedives under the weight of supply
All indicators tumbled lower this week as a result of a huge surge of lambs and sheep coming to market post-holiday season, with most key categories of lambs diving a huge 4-5% in the space of a week. Despite indications of a very strong yarding of sheep this week, prices showed relative resilience, indicating that […]
Another strong week for wool
The wool market had a positive week all round with even the crossbreds lifting meanwhile the EMI continues its path upward. The EMI improved for 4th consecutive week lifting 26ȼ/kg to 1427ȼ/kg. A depreciating Aussie dollar, falling 2.16% on last week to 0.69 US, saw the EMI in US terms shed 4 cents to 993 […]
