Riddle me this…

In the past week, the wheat market looked to have taken a breather from the heavy bearish trend that had set in over the past couple of weeks. The fact that we saw several large tenders emerge from big buyers, Jordan 500kmt and Egypt 815kmt, offered some hope that we had turned a corner. Last […]

Down, down, prices are still going down.

Cattle herd drover

Cattle markets continued to slide this week despite indications of lower supply with the EYCI clocking up a cumulative 116¢ or 10% fall over the course of June. Other specifications have also fared poorly, with Restocker steers and Vealers suffering the largest monthly falls. Slaughter statistics for week ending 24th June, 2022 reflected a healthy […]

Season ends with fire & ice

Wool in mill

The 2021/22 selling season finished on a depressed note this week in the face of a large offering. News of a fire at one of the largest wool processors in China late last week and, according to AWI reports, some shipping logistical issues that delayed buyers’ funds, sent auction rooms into a spin. While it […]

2022 no creature of habit

Unseasonably strong supply is adding to the pressure on the lamb and sheep market. The winter price rally which usually accompanies the seasonal low in supply is yet to surface on either account, as lambs and sheep just keep coming. The Eastern States Trade Lamb Indicator (ESTLI) dropped 25¢ over the week to settle at […]