Resilience for cattle as slaughter ramps up
The supply narrative has been hammered home this season but the supply chain looked to be riding the wave with more ease this week. Despite large yardings and larger slaughter, the industry continues to adapt to curveballs thrown its way as price indicators this week were relatively stable in the context of this season. Eastern […]
ESTLI at decade lows for August
There was little joy in the sheep and lamb market this week as most prices continued to slide south. The main exception was restocker lambs, which actually bounced nearly 80¢/kg higher for the week, mainly due to about 6200 less going through the yards. This was despite total lamb yardings lifting week-on-week by just shy […]
Wheat on a rodeo bull called ‘Whipsaw’
Last week I mentioned that I thought the wheat market was oversold and due for a correction. And so it came to pass, as wheat staged a strong recovery on news that a Ukrainian drone had struck a Russian oil tanker. The implication here is that with longer-range weapons, Ukraine’s ability to strike back has […]
Quiet return for wool sales
There were minor movements in the EMI as the wool market returned to sales in all centres. With shearing continuing during the wool market winter recess, this week is traditionally one of the more extensive offerings for the season. The AWEX Eastern Market Indicator (EMI) dropped by 3¢ for the series, closing at 1,176¢/kg. With […]
