Buyers market for cattle
The recent slump in prices and increased availability of cattle as mustering activity in QLD intensifies have encouraged another increase in supply to the yards this week. However, demand seems to be waning, as feedlots work through recent purchases, and slaughter volumes show signs of stalling. The Eastern Young Cattle Indicator (EYCI) saw another significant […]
Know when to hold ’em
Confidence in the wool market has taken a hit this week with a tentative start escalating into another meaningful decline in the EMI. With all sale centres experiencing strong pre-sale withdrawal, higher pass-in rates, and a declining supply of ideal wool lots for buyers, wins were hard to come by as all Micron Price Guides […]
Supply strength challenges the status quo
A notable mix of quality at saleyards is causing an erratic market and dragging down lamb price indicators. Supply to processors is far exceeding seasonal norms, making its impact felt. While the market may appear unpredictable, we know that its supply in the driving seat. The Eastern States Trade Lamb Indicator (ESTLI) lost 9¢ over […]