Softer supply brings a lift
Cattle price boards were a welcome shade of green as the market saw minor price recoveries across multiple specifications. Support for the cattle market this week came from reduced supply to the yards and indications that slaughter volumes are remaining solid. On the downside, Brazil’s strengthening relationship with China may pose some stiffer competition for […]
Rain re-energises store lamb & sheep market
There’s nothing quite like a bit of rain to add some fuel to a market. Lambs heading back to the paddock and sheep attracted enthusiastic bidding this week after a good dose of rain in eastern NSW, Victoria, Tas, and WA. The Eastern States Trade Lamb Indicator (ESTLI) picked up 28¢ week on week, to […]
A nervous grain market awaits
Wheat has been looking to trade lower for the past month, led primarily by managed money wanting to believe that wheat is the weakest link in the agricultural commodities. However, tight stocks and the spectre of supply interruptions mean pricing sentiment is particularly sensitive. Russia has been at the forefront of wheat news in the […]
Market steady again
The wool market seems to be chugging along in a similar pattern to recent weeks, with bales cleared hovering around the 40k mark. In the AWEX report this week, it was noted that the difference in demand & price between sound, better style, and quality-assured wool types was again evident. AWEX also noted that the […]
