Canola oil under the pump?
Recently, Ag commodity markets have been supported by fears of drought in Argentina. As a major producer and exporter of corn and soybeans, any shortfall in production was going to have an impact on these already tight commodities. After weeks of hot and dry conditions, the forecast has finally turned wetter, featuring a good shot […]
Young cattle prices stabilise & heavies miss out.
As we settle into the marketing year, young cattle yardings have grown mostly in line with historical patterns, and with it, demand, leading to relative price stability this week, as the Eastern Young Cattle Indicator (EYCI) crept up slightly. However, finished cattle prices fell, indicating that buyers are now adjusting their view based on what […]
Stronger start, soft finish
Consistency was key as the week began, with continued momentum as high-quality wool was sought after but as the week progressed, we saw an eventual easing in the Eastern Market Indicator (EMI). Meanwhile, the Western market joined the party with a stronger showing this week adding to the strong calendar year of its eastern counterparts. […]
Cheapest mutton in six years
Comparing the lamb and mutton markets this week it’s clear to see who came off worse. Mutton prices tanked this week, pushing beyond the recent low hit in December, to currently sit at the lowest level in over six years. It wasn’t all doom and gloom this week though with lamb prices continuing to improve. […]
