Lamb price rally continues
With the Christmas shutdown imminent, producers looked to cash in on the recent price rises, as they delivered record yardings for the last fully operational sale week of 2023. Demand also stayed strong, helping push prices higher for the 4th consecutive week. Preliminary yardings data from MLA show this week set records across the majority […]
Yardings surge for finals weeks of 2023
With just a few days of trading to go for the year, producers look as though they continued to try to get in while the going was good this week, with high yarding numbers indicating prices have improved enough that there were still plenty of punters out there keen to cash in before Christmas this […]
Buy, bye
Someone forgot to feed the bulls. After a solid buying spree, China has stopped pick-ing up the phone. Having purchased 1.9mmt of US SRW wheat, the wheat market surged 80c/bushel. For reference, China usually buys 100-200kmt of SRW per year. Since last Friday however, the flash sales have stopped and the market quickly retraced from […]
Wool markets gift to sellers
The penultimate wool sale of the year saw strong bidding across the board, as exporters “tucked in” to the large offering, while producers “rejoiced” at the strong finish to the year. This pushed the market to levels not seen since June/July and encouraged sellers to accept the stronger prices resulting in a very low pass-in […]
