Who let the bears out?
We have seen a powerful shift lower in commodity markets this week. The developing story that a Turkish administered export corridor from Ukraine through the Black Sea is gaining traction. Turkey is in an ideal situation to be arbiter between the warring parties as it is considered a ‘friend’ by both sides. The UN is […]
Chilled or frozen, the sheepmeat demand is there.
Processors buying at the yards added some pep to the market this week. Finished stock were 40-46¢/kg cwt dearer by the end of the week as processors increased their kill rates to meet strong export demand. Last week, east coast lamb slaughter held strong at 341,353 head processed and 86,529 head of sheep. Combined this […]
Lower offerings as we head towards the annual recess
We’re into our last month of sales before the annual recess and this weeks’ offering was considerably smaller than the last few months. Most indicators finished the week lower with a few exceptions. The EMI has fallen again, down 6ȼ/kg to 1414ȼ/kg. The Aussie dollar was 0.63ȼ higher against the USD, lifting to 0.7162 US, […]
For the love of young cattle
Demand is still outstripping supply for young cattle, and despite increases in yardings recently, price has continued to rise. The same cannot be said for finished cattle though, with medium and heavy cattle prices taking a beating, and cows coming back down to earth in line with a persistently subdued 90CL price environment that may […]
