Lambs are looking up
Rainfall in the east – whether it actually fell or is still forecast to come – continued to support sheep and lamb prices this week, with all categories on the rise. The west didn’t get the rain, or even the promise of it, so hasn’t yet witnessed any improved positivity in its market. Restockers finally […]
Demand passes the volume test
It has been a fortunate fortnight for the Merino wool industry as market indicators and pricing continue to improve. Demand has been resilient in the face of increased, unseasonal supply. The Eastern Market Indicator (EMI) increased 19ȼ to 1170ȼ/kg and similarly in US dollar terms improved 19ȼ to US 767ȼ/kg. This was driven by improved […]
Grass is greener?
Large amounts of rain across the East coast saw producers opting to hold onto cattle as feed concerns eased. This had a positive impact on price seeing all indicators rise. Yardings fell, off the back of last weeks significant jump, leaving buyers competing more over available stock in the market. After last week’s bounce In […]
This wheat market is a real turkey
The wheat market hit multi-month lows this week after continued pressure from cheap Black Sea supplies and relief in the form of rain across parched soybean fields in Brazil. The dip in the market has encouraged buyers out from under their collective rock Last night the US markets were closed for their Thanksgiving public holiday. […]
