Prices supported by lower supply
On the surface, the advances in cattle prices seen this week look encouraging, but indications are that support is coming not from strengthening demand but falling supply of young cattle. What needs to be pointed out is that the over the hooks indices are on a gentle downtrend, and slaughter numbers still sit well below […]
The Devil in the detail
The world has had a very sharp reminder of the power one man wields. Vladimir Putin has in the past week flexed his autocratic muscle more than once and made the world a far less certain place. Last weekend, Russia cut the Nord Stream gas pipeline that supplies 40% of Europe’s natural gas requirements indefinitely. […]
Another reign on its way
For parts of the south east, another significant dose of wet weather is either on the ground or on its way. The season has already been very kind to the new season lamb crop with reports from both north and south that the condition of stock is excellent, but needing a few days of sun […]
Broader types come out on top
In a reversal of the general trend over the past couple of years, buyer support was stronger for medium/broad wool types rather than the finer merino fleeces. The Eastern Market Indicator (EMI) followed last weeks path, pulled downwards by the finer types, losing 11ȼ this week, to 1319ȼ/kg. Due to a continued weakening in the […]
