Export buyers out of office
With the nation stopping yesterday to commemorate ANZAC Day, Thursday livestock sales did not take place. As a result, this week saw a decrease in activity with yardings down and many saleyard reports talking about a lack of participation and presence from buyers, particularly export buyers. Prices for the indicators were down slightly across the […]
44% drop in supply springs market into action
A short week, and closed saleyards on Thursday has culminated in some relief on the supply front as combined lamb and sheep yardings nationally dropped 44% week on week. The Eastern States Trade Lamb indicator (ESTLI) improved 39¢ to 673¢/kg cwt this week which was 6% higher week on week. The trade lamb price bounce […]
Geopolitics and shorts weather
Amazing the difference a week can make. It all started last Friday morning, with continued escalations in the Middle East. The wheat market jumped 20 odd cents (US c/bushel) quickly, or nearly 5%, over concerns that the conflict would quickly spiral out of control. The lack of an immediate response tells us that an uneasy […]
Merino market upswing carries on in the East
The positive run continued in the Merino market this week in the east, however, the west failed to sustain the momentum and gave way. As the selling season approaches its tail end, wool volumes are gradually easing, contributing to the recent price improvements. The Eastern Market Indicator gained 14¢ or 1.2% to settle at 1172¢/kg. […]
