Cattle buyers taking sides
Supply pressure knocked the market out of its holding pattern this week, sending prices lower across all key categories. Diminishing feed in parts of the south and the flow of cattle from of the weather-disrupted north saw feeder and young cattle values slide. According to several reports from the yards, buyers paid attention to quality […]
Erratic sheep moves
The 10th week of the year saw some small mixed movements in lamb indicators this week. A large decrease in mutton supply was not enough to sandbag the price fall for mutton. Yardings were down slightly for lambs and significantly in sheep, but slaughter volumes remained at above-average levels. The National Mutton Indicator fell by […]
The Russian Bear Market
If you find yourself perplexed by the current state of the wheat market, you are not alone. The most widely traded wheat class, US SRW, is also arguably in the most bullish of positions. US supplies are at 25% stocks to use, the lowest in ten years. Ex-ports are up 22% from a year ago, […]
Across the week improvement in wool
A cautious opening eventually became a solid upward trend in the wool market this week. AWEX reported the strong close in the West on the first day provided the momentum for a solid final day in the East, culminating in a stronger market across the board. The Eastern Market Indicator (EMI) was 14ȼ better, or […]
