Someone forgot to feed the Bulls
It’s amazing how quickly sentiment can turn around. With last weeks’ signing of the Black Sea grain initiative (grain corridor) for another 120 days, the wheat market feels like it has turned a corner. Market analysts are increasing their forecasts of Russian export volumes, and buyers are turning back to Ukrainian origins now the grain […]
Flood of cattle hits prices
This week was another story of a strong influx of supply swamping demand, and pushing prices lower. Large numbers of feeder steers came to market, as well as eligible EYCI yardings of near 18,000 head- 50% higher than the more typical 12,000 we have gotten used to seeing this year. East coast slaughter for the […]
A better feel to the market
The wool market reversed the eight consecutive days falling trend to post a strong result which remained in play for the duration of sales, in fact, the strongest support was noted at the end of the week. The positive sentiment pushed across all segments, with AWEX reporting crossbreds recorded a positive trend, skirtings following the […]
Market grapples with turbulent supply
The cold and wet conditions continue to show in the quality and numbers of lambs on the market. However, competition for heavy lambs remains strong as supply is limited by the conditions. The Eastern States Trade Lamb Indicator gained 16¢ over the week to settle at 759¢/kg cwt. In the west, trade lambs ended just […]
