Supply subsides
The strong supply pressure we saw over the last couple of weeks has abated, but it’s clear that demand is probably weakening, as prices are still slipping across the board. Signs are that processors are possibly hesitating as they assess the situation both here and abroad before continuing to take in elevated volumes of cattle. […]
Wheat – more twists and turns
At the absolute last minute, Russia rolled over and rubber-stamped the Black Sea grain corridor for another 60 days. This is despite getting no concessions from the UN in terms of relaxing any of the sanctions that Russia was unhappy about. The delaying tactics and rhetoric leading up to the deadline meant that the market […]
ESTLI slips under $6/kg
The cheaper direction settled in this week with prices for most categories of lamb and sheep pushing lower. With supply exceeding normal bounds for this point in the season and plenty of saleyard reports this week noting some regulars were MIA, the pressure on the market remained. The Eastern States Trade Lamb Indicator (ESTLI) lost […]
Beware the Ides of … May
This week, the wool market found its back against the wall as prices tumbled. Variations in the vegetable matter (VM), staple strength, and variation in Hauteur length (CVH) amongst this week’s offering made buying difficult. This translated through to pricing, as all fine and medium micron price categories dropped this week. The Eastern Market Indicator […]
