Cattle market pitches up
The cattle market gained momentum this week, as plenty of active buyers drove prices upward and allowed the market to recover some recently lost ground. Across most categories, prices increased by 15-20¢ compared to last week. According to preliminary figures from MLA, 58,524 head of cattle were yarded across NLRS-reported saleyards. Despite shorter working weeks, […]
Buyers are back baby
The lamb and sheep markets were back in full swing following last week’s shorter selling week. Most notable were the buyers, pushing prices up across every indicator. Yardings also increased drastically and are still at heightened levels when looking at the medium-term average. Slaughter levels continue to stay elevated as processors try to keep up […]
Withdrawals up as winter approaches
Wool markets opened to underwhelming demand across all centres as the trade approaches Winter and the end of the 2023/24 selling season. Although it is common for wool market volumes and prices to begin to decline, the drop was particularly steep for the finer end of the offering. This week’s AWI market report detailed a […]
Time to cut the BOM some slack
Another week, another very mixed result. Last week, Middle Eastern politics drew the market’s attention, this week it’s all about the weather. Russia looked to receive some very welcome precipitation across the dry North and South Caucuses (basically the key southern winter wheat region). It was the building moisture deficits that had been starting to […]