Wheat walking a tightrope
It might not be much, but the recent moves in wheat have broken a month-long downtrend. The “bearish” news has run its course and the market has decided to focus on the potential for escalation of hostilities in the Russia & Ukraine conflict and US (Hard Red Winter) HRW wheat production. Chicago Board Of Trade […]
Finished cattle firmer
The Eastern Young Cattle Indicator (EYCI) may have fallen slightly this week; but after several weeks of downward momentum, signs of support for finished cattle are emerging from the shadows. Slaughter is down, so, demand must be down? Not necessarily, a solid clip of meatworkers were having a well-earned BBQ and a beer at home. […]
The finer things in life
This week in the wool market, buyers were seeking the finer things in life, specifically fine merino fleece in both eastern and western markets. Despite a slight decline in the Australian dollar, prices increased for most microns, with finer categories leading the charge. This resulted in another strong week for the Eastern market indicator (EMI), […]
Trade and Heavy lambs commanding demand
Limited availability of good trade lambs at saleyards led buyers into bidding battles, pushing the Eastern States Trade Lamb Indicator (ESTLI) higher this week. Restocker activity also improved in Victoria, with competition forcing prices higher. The ESTLI lifted 11¢ to 760¢/kg cwt this week, down 8% year on year. In the West, trade lambs ended […]
