A royal raise for restockers
The finished lamb market experienced a slight decline this week, however, the restocker market showed signs of improvement. The recent rain seems to have provided a small boost in the outlook. That and producers have been willing to hold back from the market at the lows of pricing we’ve seen recently. The Eastern States Trade […]
EMI drops 20% in a year
The wool market has held steady for the most part this calendar year, especially when compared with other agricultural commodities. However, a difficult return from the long weekend In the east has the wool market coughing and spluttering to the season’s finish line. The Eastern Market Indicator (EMI) this week has dropped 34ȼ to 1174ȼ/kg. […]
El Niño late to the ball
Mother Nature can be cruel. The promise of an El Niño return, which typically means a wetter US, should have heralded a bumper summer cropping season. Early forecasts of 388mmt corn with a record yield of 181 bushels/acre were an early crow of that optimism. The weather forecasts have been hinting at the developing wet […]
Feeders feel price pinch
The cattle market held steady this week, with very little movement in any of the main indicators. While we won’t see the impact of the short week on slaughter until next week’s figures, yardings only dipped by 2%, or less than 1000 head. Last week’s slaughter was up 24% year-on-year, but still just shy of […]
