Percentiles – October 2022
Mecardo’s Percentiles update for October 2022. Click below to view the latest report Grains Oilseeds Sheep and lambs Cattle Wool Dairy Fuel Percentiles are an important tool for assisting in the decision-making process. They can provide an indication of the range in which prices have moved and how much time they have spent at varying levels. […]
Bulls looking to wrestle control back from the Bear
Wheat finished the week with a small jump having been sold off for most of the week on the back of uncompetitive US wheat export pricing. US exports for the week were borderline dismal barring some routine business. Wheat had been trading a fairly narrow range between 850-950 USc/bu, so a close below the key […]
EYCI flat, medium steers flattened
The cattle market mostly travelled sideways this week, with higher yardings keeping a lid on the market. The EYCI was stagnant, however medium steers appeared to fall off a cliff, but it’s nothing to panic about, as it was just driven by a change in index makeup, with some Vic saleyards out of the mix […]
Prices back to the average
The price rally continued, pushing most categories back to five-year seasonal average levels or slightly higher. Finished lambs have made a noteworthy climb in October and Mutton also found a boost this week. The Eastern States Trade Lamb Indicator (ESTLI) picked up an additional 8¢ over the week to end at 780¢/kg cwt. This is […]
Lifts all round for wool
The Aussie wool market had another strong week across all sectors, with China back in the game and noticeably strong bidding across auctions. Stylish measured lots well rewarded. The Eastern Market Indicator (EMI) had its second week in a row of positive movement lifting 52ȼ to 1323ȼ/kg and with the Aussie dollar rising (+ 0.70ȼ) […]
