The Endless (Supply) Summer
Despite another drop in throughput, the lamb and sheep market this week was showing signs of supply fatigue in what has been a red-hot start to the year. On the East Coast, combined lamb and sheep yardings for the calendar year to date have already exceeded 2 million head which is significantly higher than the […]
A stall in demand?
Prices took a tumble this week at saleyards across the nation, every indicator suffered drops of over 20 c/kg. Early data suggests supply was flat week on week but is significantly higher than the 5-year average for the same selling week. Similarly, the level of buyer competition at the yards we’ve seen over the last […]
Talk is cheap
The USDA recently held their global outlook forum, a two-day conference to release forecasts for domestic US and global supply, demand, and prices. Word on the street is that prices across the ag complex will remain under pressure for 2024. The USDA recently held their global outlook forum, a two-day conference to release forecasts for […]
Another week another slide
The EMI continued its recent downward trend, with a fifth week of softer prices. While the week closed with a slightly more positive trend, the EMI lost 6ȼ to close at 1,157 ȼ/kg clean. The fine end of the offering was the weak link, with the Sydney market posting 40 to 50-cent retracements for 18 […]
