Feeders feel for lows
The feeder cattle market is riding a slippery slope, as high feed grain prices and strong cattle supply allow feeder buyers to test the lower limits. Some other markets are showing more stability now, with prices in balance with supply at least for the meantime. The Eastern Young Cattle Indicator held its own, slipping just […]
Southern bidding strong
A mountain of mutton weighed the national indicator down this week. However, the Victorian and South Australian markets are seeing an uptick in demand despite increased supply for lighter stock. After a strong bounce in reaction to rainfall last week, the Eastern States Trade Lamb Indicator (ESTLI) has finished the week at 457¢/kg cwt, a […]
Wheat rides a bean bounce
Having ticked off ‘three-year lows’ on its bingo list, wheat staged something of a rally overnight. The trouble is, it wasn’t anything of its own doing. The USDA released their World Agricultural Supply & Demand Estimates (WASDE) last night, which was if anything, a little friendlier than expected. Markets had been grinding lower on the […]
Lack-lustre market
The market slid lower this week, with all sections struggling to maintain recent levels. The crossbred section ended its recent run of stronger prices to post 5 to 20¢ drops week on week. The Eastern Market Indicator (EMI) fell 10¢ to 1,128¢/kg, however, the weaker Au$ cushioned the decline in US¢, as the EMI in […]
