Cows crash to Earth
Another week of heavy supply pressure has caused cattle prices across all specifications to buckle again, with signs emerging that the market has had its fill of even finished cattle this week. Buyers are recognising that there could be better value to be had in the coming weeks. The Eastern Young Cattle Indicator (EYCI) crumbled […]
Grain corridor hangs by a thread
Will they, or won’t they? As the Russian stipulated corridor deadline approaches, the UN has been facilitating talks aimed at extending the deal. As of last night, the talks have amounted to nothing. The UN claimed it was progress, and that talks would continue at a ‘tactical’ level. However, it is becoming less certain that […]
Sellers left sheepish in a falling market
It’s been a rough week that has left sellers feeling sheepish. Prices tumbled across all categories of lamb and mutton. Slaughter numbers are holding strong and with plenty of stock heading to market, the pressure is once again kicking in. The Eastern States Trade Lamb Indicator (ESTLI) lost 34¢ over the week to settle at […]
Aussie dollar impacts market
The budget week always reinforces the important impact of macroeconomic forces on Australian households, businesses, and markets. This week’s wool market is an excellent example of this as exchange rates, in particular the stronger Australian dollar have impacted the market causing prices to fall. The Aussie dollar was (US$) 0.89ȼ stronger to US$0.675 pushing prices […]
