Southern Hemisphere in the spotlight
It seems the wheat market is getting tired of the same old news coming out of the Black Sea. This week, stories started to circulate that one of the combatants was planning to use a ‘dirty bomb’. Regardless of whether it is an empty threat or something far more alarming, the market barely raised an […]
Lamb price rise continues on
The weather remains the biggest impact on all livestock markets this week, with widespread rainfall causing devastating flooding and all sorts of logistical nightmares for producers, saleyards and processors. Slaughter data wasn’t yet available for last week, making it difficult to show the actual impact on throughput thus far, however the lack of available data […]
Rain forcing slaughter cattle higher
Normally when we have flooding events impacting livestock yarding and transport it is confined to a region. Over the last two week’s we have seen almost the whole east coast inundated, and while there are still plenty of areas that can get cattle out, there is little motivation, it has to come from price. It […]
Rising market hits a road block
A rising market drew in more sellers this week, but from the outset prices were noticeably lower which saw large amounts of wool withdrawn. The Eastern Market Indicator (EMI) fell after two weeks of positive movements, down 23ȼ to 1300ȼ/kg, although in US terms a rising Aussie dollar (+0.88ȼ) softened the fall, with the EMI […]
