Out with the old in with the new?
With significant numbers of sheep and lamb being shifted off the farm, recent patches of rain and easing prices have seen some jump at restocker opportunities. Eastern state’s trade lamb throughput was just under 64K head through the yards this week, a 13% week-on-week increase. This resulted in the indicator (ESTLI) declining 34¢ to 432¢/kg […]
Market needs a spring soaking
Spring has arrived, but it hasn’t brought with it any relief for cattle prices. In fact, the last week of winter has brought with it a drop in prices pretty much right across the board, as slaughter continues to track higher than the five-year average. The Eastern Young Cattle Indicator (EYCI) felt the most downward […]
Black Sea supply eclipses all else
Wheat futures prices have once again dipped this week, as Black Sea supply eclipses growing concerns about Argentina and Canada’s harvest. However, the Canadian outlook is yielding more price improvements in the canola market. Supply estimates for wheat have undergone reductions in several major producing nations. The EU Commission, for instance, has downscaled its expectations […]
Strong Tuesday for the East
A superfine sale in Sydney and more low VM wool on the East Coast stalled a recent bout of downward price pressure. Pressure seems to be the predominant theme as the Fremantle market tried to regain footing following a week long hiatus from sales. On balance, it was a better week for the East Coast […]
