Heavier lambs throwing around their weight
Finished lamb values continue to push on an upward trend while store lambs lost some ground this week. Trade and heavy weight lamb numbers flowing into yards are thinning and there is concern about how many will remain for purchase in the later months of winter. The Eastern Trade Lamb Indicator (ESTLI) gained 30¢ over […]
Slaughter just keeps climbing
This week there were a couple of ups and downs in price across cattle types as the market continues to operate in a more stable manner. Saleyard throughput was up week on week, with clear skies squeezing more cattle onto the market. However, competition remains steady with strong support from the export market. The Eastern […]
Minor movements paint picture of a mixed market
A slightly higher offering drove a slightly weaker price outcome for the wool market this week. However, more positive price movements did emerge later on Wednesday in the Merino fleece and Crossbred sectors. The Eastern Market Indicator lost 5¢/kg in AUD terms which is 84¢ or 7% lower year on year. A rebounding dollar meant […]
From Russia, with love again
Make no mistake. This wheat market is all about Russia. The month of May (to date) has seen CBOT rally 17% or nearly 90USc/bu as first dryness in the Russian south (Caucuses) region and then a series of frosts through the Central regions, took a bite out production forecasts. It has wiped about 8mmt off […]