EYCI pitches south, but US exports sizzle
The EYCI has reached its lowest point since February 2020, but part of that can be traced back to the index becoming more southward-biased as yardings in the north fall back due to inclement weather. 90CL in the US continues to sizzle, with forwards for lean imported beef deals clocking in big premiums. The Eastern […]
Bargain buying arrests the slide
Bucking the downward trend, wheat saw some positive price action this week. Wheat, having hit 18-month lows, finally flushed out a few buyers with Saudi Arabia (1Mmt), Egypt (720kmt), Algeria (420kmt), and Tunisia (240kmt) all stepping up to the plate. The vast majority is likely to be of Black Sea origin (Russian mainly) however, Australian […]
Support for lambs drying up
After a sharp price drop for finished lambs last week, we were hoping for some improvement this week. None was found, as buying activity was reported as “erratic” in a generally cheaper market. The Eastern States Trade Lamb Indicator (ESTLI) continued its downward trajectory, losing another 33¢ over this week to settle at 663¢/kg cwt. […]
Steep decline in a short week
An appreciating Aussie dollar and softening demand from buyers have culminated in a second straight weekly decline in the wool market. Sellers sensed the tides were turning and voted with their feet as the pass-in rate increased to its highest mark since November last year. All micron categories were pushed downward in all centres, with […]
