Slip & Slide
Cattle markets have continued to slide backward, despite reduced supply pressure as yardings fall. Cow prices in particular have been hammered, with the monthly change hitting an eyewatering 30% fall. The Eastern Young Cattle Indicator (EYCI) slipped back again by 8¢ (-1%) this week to finish the week at 579¢/kg cwt. The usual suspects of […]
New month, new focus
This time last week, the freshly-inked grain corridor deal had seen wheat prices tumble. The last week in May in particular was quite brutal in commodities as crude oil slipped below US$75/barrel, wheat dipped below $6/bushel and economic headwinds created concerns that the worst was yet to come. Fortunately, since June ticked over, we have […]
Confidence stripped from the lamb market
There aren’t a lot of positives to take from the lamb and sheep market results this week. Unless of course, you were looking to buy. Prices fell heavily across categories, with mixed quality resulting in “erratic” movements. The Eastern States Trade Lamb Indicator (ESTLI) dropped 80¢ (14%) over the week, ending at 507¢/kg cwt. Dynamics […]
Western wool gets up off the canvas
After last week’s sale, it seemed a daunting volume of wool was headed for the market again this week. This week’s sizeable offering was negotiated with relative calm as the brakes were pushed on the wool market’s downward momentum, for this week at least. The Eastern Market Indicator (EMI) experienced just a slight decline of […]
