The sum of all parts
Immediately after the invasion of Ukraine, we saw and became accustomed to a huge-ly volatile market, where wheat was jumping at shadows and anything that could have potentially been a threat to supply. However, over the past 6 months, that volatility has given way to a more apathetic view of global supplies and politics. It […]
In the thick of it
From producers to exporters, the supply chain is in the thick of the Spring seasonal supply increase. Processors are working at full throttle, as total slaughter eclipsed 534,000 head last week and ramped up again this week, harvest is well underway in key cropping zones, Middle East lamb imports had their best month in October […]
Waiting on the weather
There was little movement in cattle prices again this week as the market holds firm, perhaps waiting to see if the rain forecast for parts of the East Coast in the coming days will eventuate. Beef export volumes reached their highest monthly total in October since 2019 (our last big turnoff year) according to MLA, […]
Wool supply heading higher
The largest national wool offering to the market since August allowed buyers to relax their bidding and resulted in prices dipping slightly. Shearing is well ahead of year-ago levels, and the extra supply is likely to test the market before Christmas arrives. The Eastern Market Indicator dropped 10¢ over the week to 1,129¢/kg, settling once […]
