Queensland buyers boost market further
While the old adage “It doesn’t rain grass” comes to mind this week, especially given we have now hit the first day of summer. However, it does quite often rain confidence, and it would seem the recent falls across the east have done just that for the cattle market, with most categories headed in a […]
Wheat weaves its tangled web
Did Australian weather just move the market’s needle? After weeks of the market edging lower and lower (we hit multi-year lows earlier this week with the AUD futures falling below $300/t), we have seen three straight ‘up’ sessions. The reason is likely a little more nuanced than simply the rain in Southeast Australia. This week, […]
More rain lifts prices
Widespread rain on the East Coast helped prices continue their upward trajectory, supported by a decrease in throughput as growers’ feed supply concerns further eased. Competition heated up as the market adjusted to the rise in prices seen last week. All categories across the sheep and lamb markets followed on from last week’s rises with […]
Market steadies as AUD rises
The wool market has eased slightly this week after a fortnight of good price rises. In a tale of two sales, fine wool found support while broader categories and cardings succumbed to the stronger Aussie dollar. The Eastern Market Indicator (EMI) eased 4ȼ to 1166ȼ/kg while in US dollar terms it continued to improve lifting […]
