Brazil busy as BSE risk eases
The Mad Cow (BSE) case found in Brazil has been confirmed to not be so mad after all, and Brazil continues to increase beef market access to new countries. The EYCI has stabilised, and beef continues to get more expensive in the US, while signs of increasing Asian demand provide reasons to have some confidence […]
Wheat out of whack with reality
It is fair to say that recent moves in the wheat market have most analysts scratching their heads. While the downtrend has been in place for some time, the fundamentals really don’t support the move. Global wheat stocks to use and prices are lower than a year ago, carryover is also lower. Respected Russian analyst […]
A heavy lamb market
There was a noticeable shift in buyer demand reported in eastern yards this week, with buyers becoming more selective as the days went on. This was most evident for heavy export market lambs, with prices quickly falling this week. The Eastern States Trade Lamb Indicator (ESTLI) lost 31¢ over the week to 697¢/kg cwt. After […]
Large clearance but softer market
The Wool market again experienced a large clearance for the week although the weaker Australian dollar was not able to sustain the market levels which fell across most categories. Since the Christmas recess, an average of 43,200 bales have been sold at auction, well above the season average of 36,700 bales, and also higher than […]
