Two speed spread grows
The imminent start of winter has brought with it the rain and it has delivered. The west finally got the drink it so desperately needed, and there is some more to follow according to the forecasts. The market had mixed results, with the two-speed market trend continuing to widen. Yardings fell week on week and […]
Let’s hope China’s hungry
Cattle slaughter rates have reached levels not seen since 2020, and so this week’s big beef news of China removing import suspensions on five Australian processors should help to absorb the rising production volumes. While Aussie beef has still been flowing to China this year at near average levels, the regained access for another five […]
India a demand dark horse
This week has seen the wheat market jump on cuts to Russian production, only to give most of the gains back as rains appeared in the forecast to stabilise the crop. Various crop analysts started to ratchet the Russian crop back from 93mmt to today being somewhere around 81 – 83mmt due to the well […]
Small offering and better prices
The smallest offering for the 2023-24 season produced a 7¢ lift in the EMI, fleece and skirtings all improving and AWEX reporting that stylish lots were keenly sought. The clearance of 29,726 bales was a big reduction on the seasonal weekly average clearance of 38,500 bales. The Eastern Market Indicator lifted 7¢/kg in AUD terms […]
