A tail of two states
New season lambs were keenly sought after this week in the east, while processor capacity issues dampened buyer activity in the west. Despite another week of torrential rain in many parts of the country, new season lambs hitting the market were keenly sought by buyers. Prices lifted in NSW despite a surge in supply. In […]
The news that makes the market
Down goes supplies, consumption, trade and stocks of wheat in the October USDA World Agriculture Supply and Demand Estimates (WASDE) report. Reduced production for the US and Argentina outdid higher EU production. Consumption cuts led to the initial response of wheat prices stumbling lower but as we know all too well, it’s the news from […]
U turn for the wool market
Another reduced offering and a weaker Au$ conspired to cause a general lift in the wool market, with the EMI posting its first positive result in more than 12 weeks. The Eastern Market Indicator (EMI) lifted 36ȼ this week, closing at 1271ȼ/kg. With the Aussie dollar losing value (-2.86ȼ) to sit at 0.625US, the EMI […]
Strength in the west yet to come south
Young cattle prices have continued to slip gently this week despite the support of lower eligible yardings, and slaughter remains disconcertingly low for this time of the year, especially considering the expanded national herd size. With promising pastoral conditions looking likely over the summer, it feels like producers may be just waiting for the bottom […]
