All hands on deck clearing cattle
Young cattle prices have bounced back after the recent rain, improving 28ȼ to 626ȼ/kg cwt. While rain helps limit the flow of cattle at one end of the supply chain, at the other, plenty of beef is on deck and headed overseas. The story at Roma and Dubbo was big yardings and keen demand for […]
Disruption ahead so supply shuffles forward
Sheep producers are making way for the winter crop and getting ahead of the upcoming public holiday sales disruption. Close to 250,000 lambs flooded to saleyards across the country this week which was a huge jump of almost an extra 100k on the previous week. Anzac Day will be commemorated on the 25th of April […]
A goldilocks wool market: not too hot, not too cold
Back from the Easter recess, results were mixed between selling centres with the Merino segment fairly steady in Sydney, stronger in Melbourne and weaker in the West. A large offering was met with mixed interest influenced by a stronger Aussie dollar. The Eastern Market Indicator held steady at 1,142¢/kg clean. The AUD has strengthened since […]
USDA offers up a vanilla slice
Last night, the market rolled back on itself after the USDA printed a very vanilla April WASDE (World Ag Supply & Demand Estimates) report. With most of the focus on South America, the trade had expected the USDA to make some cuts to both Brazilian and Argentine production. However, the USDA saw fit to hold […]
