Southern restocker re-entry?
Last week’s combined slaughter figures for Sheep and lamb were another high point for the year and were 51% higher year on year. While this level of supply is impacting the pricing across the country, buyers in southern markets look to be in pursuit of quality stock at more affordable prices, offering some respite from […]
90CL tracks higher, cows lower
A quick glance at what’s in the red and what’s not in the price and supply table tells you all you need to know about how the cattle market fared this week. Supply was up and all the major indicators fell by 13¢/kg or more. The one silver lining perhaps is the resilience of the […]
Million dollar rain
The market has tried a number of times to rally on news that the Australian and Argentinean crop is suffering from dry conditions. One side of the market is pointing at the fact that global stocks to use (excl China) are at a pretty dismal 13% and major exporters are the ones facing the shortfall. […]
Market drifts lower
It was an unusual week of selling with a smaller offering spread across three selling days, with only Sydney and Fremantle selling on Thursday. While the market trended down early in the week there were bright spots on the final day. AWEX reported lack-lustre bidding on lots with higher CVH and/or VM content, this resulted […]
