Cattle return to the yards
This week contained firm indications that there has been an influx of cattle back to the yards, but despite the higher supply situation, the EYCI was resilient to the downward pressure, improving week on week. Other specifications were not so well supported by demand though with minor falls booked for many of the national indicators. […]
Reading tea leaves & Powerball
It’s has been said time and time again about grain markets that a lot can happen in a week. This week has been no exception with a raft of information, some new, some old, being added to the noise that is swirling around this year’s grain markets. Last week, we wrote about how the UN […]
Stronger slaughter, lower prices
Lamb slaughter has been consistently stronger than the same period last year in recent weeks. While the export demand is there, it hasn’t been enough to completely relieve the pressure on lamb prices with all finished lamb and sheep indicators sitting lower year on year. East coast lamb slaughter totalled 337,908 head last week which […]
Market falls after 5 weeks of gains
The wool market was mostly weaker this week with most indicators falling. AWEX again reported low VM types attracted ‘excellent buyer support’ and were the least affected by the falling market. The EMI has fallen after 5 consecutive weeks of strengthening, falling down 14ȼ/kg to 1420ȼ/kg. The Aussie dollar was 1 cent higher against the […]
