Prices slipping despite the positive outlook
Despite an encouraging price outlook for late Autumn and Winter, the market continues to slide lower. It isn’t surging saleyard throughput that’s to blame. The number of lambs and sheep yarded over the last two weeks has been below five-year average levels. However, the number of stock going to processors is ample for the time […]
Buyers chasing quality over quantity
All indicators took a dive this week, as saleyard reports from major selling centres mention buyer behaviour as selective in what they were after. Despite a fall in yardings of 21% week-on-week there is still plenty to choose from. The Eastern Young Cattle Indicator (EYCI) fell by 6% (38¢/kg) on the week prior, dropping below […]
Russia ramping up exports
Wheat has trended sideways for the week as the market looks for future direction. The general consensus is for continued pressure as Russia amps up its export program all the while their FOB values continue to fall. The WASDE report out last week provided some distraction as the USDA both upped global wheat production (bearish) […]
Cheaper Tuesday halts market gains
The Sydney pass in rate for the week averaged 2.1% in an indication that buyer demand is strong at this level of supply and sellers are happy to part ways at the current market pricing. With the southern market enjoying the public holiday break,demand was strong in Sydney on Monday, with the broader categories achieving […]
