Cattle market steers clear of further falls
After surging last week, producers pulled back the supply reigns, leading to a decline in yardings this week. This halt in supply put a stop to the price slide observed over the past few weeks. Preliminary figures from the MLA indicate that total yardings were down by 37% compared to the previous week, with most […]
Mutton mounts a comeback
A mixed week of results for lamb and sheep markets with the majority of indicators making slight gains. Yardings fell 24% on the previous week as the supply side continues to lose momentum after weeks at an elevated level. Slaughter figures are still near all-time highs as processors deal with increased supply. The Eastern States […]
Wheat is a problem looking for solutions
For all the doomsday prophecies around the outlook for commodities, this week wheat managed to stage something of a recovery, albeit a modest bounce. The heavy selling that followed the release of the USDA Outlook data appears now to have been arrested. As we roll into March, we will start to enter into something of […]
Wool market catches its breath
Prices at the finer end easing and broader categories firmer was a characteristic of both the Sydney and Melbourne markets this week, as has been the case (for the most part) this season. With all micron categories declining recently, it becomes easy to lose sight of the underling trends driving the market and become fixated […]
