Supply pullback lends support- but will it last?
A further retraction of supply in the key states of QLD and NSW lent support to the market this week, with both the EYCI and restocker steer indicators rising in response to the tighter market. However, there is little sign that demand has improved, with buyers seemingly content to wait it out to see how […]
Stocking up on lambs this Christmas
The last week of reported sales for 2022 ended on a more positive note with a dearer trend present across most categories of lamb and sheep. While the market is well down on year-ago levels, buyers are seeing opportunity at current rates to make the most of abundant feed. The Eastern States Trade Lamb Indicator […]
Is the ‘bottom’ in?
Funny fact that as soon as you call the market in one direction, it can and usually does, the opposite. I’ll own it – last week I stated that I thought it would be difficult for wheat to rally, based on cheap Black Sea grain, Aussie harvest pressure, slack Chinese demand. This week I’m not […]
Wool market gets Christmas gift
The recent announcement by the Chinese government of an easing in the “zero” COVID 19 approach to managing the pandemic continued to flow through and build positive sentiment for the wool market. While at times the industry has concerns over the dominance China has on the wool market fortunes, when the intention to ramp up […]
