Light lambs grounded
Despite a decrease in yardings week on week, the tightening of supply was not enough to support prices. Middle East airspace closures impacted demand at the yards as buyers waited for supply chains to reopen. Yardings and slaughter levels are still operating at above-average levels, as mixed farming producers begin to shift focus. Last week […]
Weather whiplash creates erratic cattle market
Roads and paddocks have begun to dry out allowing the backlog of cattle from soaked areas of Queensland and New South Wales to hit the market. The influx of cattle outweighed demand at last week’s price point, and most markets ended this week softer. However, the weather forecast hints that it might not be long […]
Exchange rate pain is wool markets gain
Sydney and Fremantle markets made up for lost time with big improvements across both the broad and merino fleece categories this week. The lower Aussie dollar spurned strong bidding, and sellers sensing they might be on the best wave of the set were keen to take advantage as the national pass-in rate reached a seasonal […]
Argentina dealt a cruel hand
It has been a relatively benign week in the wheat market. Some of the risk premium that had built up over Middle East concerns has dissipated at the time of writing. This has been most evident in the price of crude oil which briefly peaked at US$92/barrel but has now retraced to US$82/barrel. The dip […]
