To feed or not to feed?
For the most part, markets were more balanced this week as the declines and gains were less drastic than we saw over Autumn. The Eastern Young Cattle Indicator (EYCI) tracked sideways, now sitting at 567¢/kg cwt. Whilst we are well and truly in the midst of a seasonally high level of supply, rainfall continues to […]
Sheep settle while the dollar drives ahead
Sellers returned to the market this week, cautiously observing the price improvements from the previous week. They encountered mixed price directions, albeit with relatively milder fluctuations compared to the volatile swings that have become commonplace. This moderation in price movements provided some respite for market participants. In the Eastern States, the Trade Lamb Indicator experienced […]
Who is running the show?
It has been a big week for data. Following on from the fireworks of the USDA’s stocks and acreage report, the USDA released their World S&D estimates (WASDE) and offered a glimpse into row crop yields. Not wanting to be left out, this report also had a twist in its tail. Pre-report, the market had […]
Sugar hit before recess
Over 40 000 bales were sold this week as the wool trade prepares for the Winter recess. Demand from buyers has been healthy to kick off the 2023/24 season as pass-in rates remain relatively low, and prices track upward. The Eastern Market Indicator (EMI) has improved for the second straight week, increasing by 17ȼ to […]
