Beef 2024 excitement spills over into bidding

All eyes are on beef this week with over 100,000 people descending on Rockhampton for the triennial Beef Week. Buyers leaned into the momentum with multiple reports from major saleyards talking to increased activity and competition, which helped support prices. Supply was down on the week prior, but still above the average. The Eastern Young […]

Winter lamb cool down

Lower throughput for lambs indicates the approach of winter. Whilst lamb indicators were lower, mutton markets found some favour this week, improving week on week despite more numbers through the yards. Trade lambs fared the worst this week despite lower throughput, resulting in the Eastern States Trade Lamb Indicator (ESTLI) losing 33¢ to 653¢/kg cwt. […]

Ambushed by the US dollar

When wool buyers walked into selling centres to start the week, Australian wool was more expensive for exporters before bidding began. This set the tone for a shift in wool prices this week as the Eastern Market Indicator (EMI) finished 18¢ lower to 1134¢/kg. The US economy and the macroeconomic influences that dictate its performance […]

Weather bingo card

After the relatively quiet last few months where the ag commodity markets have drift-ed lower, the establishment of the weather market has seen a welcome return to some volatility. The too-dry Russian Caucuses, on-again, off-again rains in Russia, a wet France and floods in Brazil, have certainly breathed some life back into the markets.  This […]