Improved market attracts sellers
Normally wool offerings begin to decline at this time of the year, however the recent increase in prices has encouraged growers who had held wool over to now come forward and offer. Despite the documented challenges of shipping, global lockdowns and extended exporter finance requirements, the improved market of recent times resulted in another week […]
Wet weather stifles supply
Cattle markets this week saw tighter supply and high volatility, driven by inclement weather and sale cancellations, which saw the price of most specifications lifting. The notable exception was heavy cattle, where prices fell sharply back down, giving up all of last weeks gains, while medium steers had their turn to shine. East Coast slaughter […]
Still ships and soggy paddocks drive correction
Saleyard lamb and mutton prices took a mighty hit last week (much akin to a tackle from ScoMo), but this was thankfully short-lived. Most categories rebounded and corrected their recent losses this week. East coast lamb yardings last week continued to track at close to five-year average levels, with 172,915 head yarded. Sheep throughput tested […]
Has the cavalry arrived? UN to the rescue.
The brakes were put on commodity markets in the past couple of sessions as a raft of economic data shows slowing growth causing investors across a slew of stocks and commodities to dump and run. Specifically for the ag commodities, news that the UN was busy negotiating with Russia and Ukraine to try and avert […]
