Mutton maintains, lamb lags
Movement in the sheep and lamb markets was minimal this week, with most indicators either holding firm or falling slightly. Mutton and restocker lambs showed some resilience for the week, but prices across the board remain well below month-ago levels. Yardings climbed back up following last week’s decline, and the latest slaughter figures are still […]
$146 million worse off
Smaller volumes this week meant that the national offering total year-to-date is essentially on par with the same time last year. As per AWEX reports, the value of wool sold at auction this year to date is now $146 million less than last year which highlights the impact of the decline in fine wool premiums […]
Hurry up and wait
The wheat futures market finished virtually unchanged for the week. We should prob-ably consider this a win as corn and beans keep making new lows but also a falling world cash price (wheat) as exporters fight tooth and nail for the limited demand out there. In the US, corn prices are now below the cost […]
Cow price increase as US demand ramps up
It was a steady week for the cattle market with slight movements in either direction across the indicators. Feeder Steer and restocker heifers were the only two indicators not building on the week prior. Yardings were up on last week following a recent pullback of supply by producers to protect prices. Slaughter volumes also increased […]
