The typical flooding rain response
The rains afflicting the eastern states are not letting up, and it seems to be having an impact on lamb supply. Even slaughter data for last week has failed to be updated, which might have something to do with the pressure processors are under at the moment. Markets are reacting in typical fashion, although restockers […]
German Ifo Index still falling
In late August we looked at the Ifo index for German manufacturing (a proxy for demand in the merino market) as a guide to the trends we should be seeing in the merino market. Two months down the track it is time to update the data to see what external demand pressures on the merino […]