Spring flush behind but starting to build
Early reports suggest it was a much stronger yarding of both lambs and sheep this week which saw weaker competition for sheep and lower prices, while finished lambs improved slightly. New season lambs are building in pockets of the south, but still remain behind the seasonal trend in SA and Vic. The Eastern States Trade […]
Fine wools weighed down
There were some big falls again for finer wool types this week whilst the medium indicators remained relatively stable. Poor economic signals coming from China and continued high inflation rates around the globe are weighing down fine wool demand, especially for the ‘lower’ quality end of the finer offerings. The Eastern Market Indicator (EMI) has […]
Market takes a crabwalk
Little excitement in cattle markets this week, with prices, on the balance, largely drifting sideways. The main points to note are that restocker steer volumes plunged dramatically this week, yet prices only edged up a smidgen despite the sudden tightening of supply, and that prices for finished cattle strengthened. Another week, another decline in slaughter […]
Corn, corridors and all kinds of crazy
The USDA released their WASDE report earlier this week. Wheat stocks and production numbers were within expectations, if anything a little higher. Russian production has officially been beefed up to 91mmt (+3mmt) which weighed on the market as major exporter inventories are seen as rising slightly. The report was always going to be significant. Many […]
