Market looks for weight
Weight is what is wanted in the sheep and lamb market at the moment, as processors drive demand and restockers stay well away from the market. Prices remained pretty much exactly where they were for the week, with yardings down very slightly, as the market remained in a bit of a stalemate waiting for rain. […]
Heavy to young cattle discounts flipped
Young Cattle on the East Coast are below 400¢/kg cwt for the first time since March 2019. The more affordable trend has seen the heavy steer discount to young cattle flipped which may potentially coax those confident in their feedbase back into the young cattle market. The Eastern Young Cattle Indicator (EYCI) finished the week […]
Importers spoiled for choice
Expectations of lower Australian and Argentinean wheat crops have not been enough to stall the drop in CBOT wheat prices. This week, Chicago fell to multi-year lows as the market digested news of two cargoes being loaded in the Ukrainian port of Chornomorsk. While only small volumes, the ‘safe’ transit of these vessels is significant, […]
Buyers wary as Tassie lots shine
There was a cautious opening to this week’s market, and while some types gained support as the week unfolded, it was a mixed bag. Finer MPGs (17 & 17.5 MPG) ended the week higher (up 3 & 4ȼ respectively), with broader MPGs lower. Price falls in the Merino fleece sector produced this week’s 4ȼ reduction […]
