Wheat looking for peace
The wheat market has been looking decidedly sick over the past few trading sessions. The Dec ’22 wheat contract has lost 77ȼ/bu for the week. Wheat isn’t the only commodity under pressure, with Dec ’22 corn down 12ȼ/bu and the MATIF rapeseed Nov ’22 contract down a sizeable €54/t. So where has the shift in […]
Light at the end of the tunnel?
Three consecutive weeks of price advances on Aussie cattle markets causing the EYCI to bounce a total of 15% provide the impression that confidence is starting to build back up again. However, yardings are still incredibly low, but this week, signs of an increase in supply, coupled with further price increases could just be indicative […]
Market steadies as sellers withdraw
The market steadied this week after last week’s downward trajectory. The Eastern Market Indicator (EMI) didn’t budge on last week, the first time it has remained unchanged week to week since September 2017. The EMI is currently at 1342ȼ/kg, although in US dollar terms the EMI fell 18ȼ to 931ȼ/kg, thanks to a weakening Aussie […]
Processors pack a punch
Finished lambs held up well this week, while store lambs and mutton ended cheaper. Lamb slaughter has rallied, particularly in NSW, with processors back in full swing and finding extra kill space. The Eastern States Trade Lamb Indicator moved just 1¢ lower over the week, dropping to 744¢/kg cwt. Lack of finished lamb supply in […]
