Small wins for big lambs
Lamb and sheep indicators saw a slight lift this week, with all bar one finishing the week higher than when it started. Reports from major yards all report of a full buying field, who were not fully active in the market. Despite this slight drop in demand, the price across the board has still improved, […]
Hopes rising or a false dawn?
The wheat market was able to post some modest gains for the week with geopolitics, weath-er and some technical short covering adding support. Oilseeds too, found support after Eu-rope’s excessively wet winter and concerns around a dry Canada and reduced area expecta-tions. Fund managers have also been proactive in reducing their large, short (sold) positions […]
The cattle market bungee jump
In the last 6 months, the cattle market has acted like a bungee jump. Big supply on the way down and big demand on the way back. With signs out of the US getting more positive by the week, many will be wondering why we are still on the way back down. The throughput to […]
Volume rise rattles the market
Supply and demand worked in the favour of buyers in this week’s market, as a larger offering allowed prices to slip to the lowest level since November. The Eastern Market Indicator (EMI) lost 15¢ over the week, with most of the damage occurring on the opening day of sales. The EMI settled at 1152¢/kg, which […]
