Mutton near decade lows
Rainfall across Victoria and into south-eastern NSW over the last week offered a slight reprieve from the falling lamb market but did nothing to stop mutton prices. In fact, the National Mutton Indicator has fallen to a level that we haven’t seen since early 2014. The Eastern States Trade Lamb Indicator (ESTLI) pushed slightly higher, […]
Harvest pressure drowns out all the other noise
Is a Grain Corridor 2.0 arrangement in the wind? There are moves afoot to try to un-derwrite vessels sailing from Ukraine’s deep seaports in a move to try and incentivise traders and ship owners to take the risk. How this would work exactly in an active war zone remains up for debate. Russia has, after […]
West avoids a tough week
Crossbred prices improved this week, but the Merino market opened to a softer tone and a lower proportion of low VM wool. The upcoming super fine wool sale next week could serve as an opportunity to assess underlying demand. With no Fremantle sale this week, the brunt of the downward market trend was handed to […]
Tough going for young cattle
Dry conditions across much of Australia have seen a continued influx of cattle through selling centres across the country as well as over the hooks. While there are slight positives in certain areas, cattle prices have maintained a downward trajectory, which will require good rainfall across key cattle regions to turn around. With young cattle […]
