Feedlots fail to fuel
Cattle numbers continue to rise in the north as dry weather sends stock out of the paddock. While temperatures are rising and no rain is on the short-term forecast, the BOM has given us a slither of hope in their long-range forecast. Up North, Feedlots remain in the driver’s seat and this week feeder cattle […]
Lamb barely holds on as mutton falls further
The sheep and lamb market remained on the same trajectory this week, with a vast majority of indicators headed south. A glance at Figures 1 and 2 tells us much of what we need to know, and that is that producer returns will be about 50% less than the five-year average this spring. Meat and […]
Jeopardy – the wheat edition
Another tough week in the wheat markets. How long and low can they fall? The script reads that a huge Russian stockpile, frenetic export pace, and cheap offers are the reason. Another tough week in the wheat markets. How long and low can they fall? The script reads that a huge Russian stockpile, frenetic export […]
Low VM competition leads to higher demand
With pass-in rates reaching a seasonal low point and all Merino categories improving across the country, sentiment in the wool market was strong this week. With every fine and medium micron category improving in price this week, The Eastern Market Indicator (EMI) jumped 21ȼ to finish at 1148 ȼ /kg. When expressed in US$ the […]
