Lower temperatures but opportunity warming up?
Lighter cattle and lower temperatures have seen the cattle market ease slightly this week. Depending on your business needs and goals (growers and processors alike) there is value to be found. The Eastern Young Cattle Indicator this week has eased 14 cents (2.3%) after a 12% increase in throughput to the yards (16K). Trawling through […]
Mutton in the green
Prices rose for all bar one of the lamb and Sheep indicators this week, in what was a short selling week due to a public holiday for the honorary birthday of the King. Yardings fell away week on week and back towards the medium-term average. Southern parts of the east and west coast got another […]
Ignore the bears at your peril
The rot has well and truly set in for the wheat market. Since the seasonal highs were hit at the end of May, the CBOT Dec contract has lost 80c/bu – or roughly AUD$40/t. The finger is being pointed at an early start to the harvest in the Northern Hemisphere and news that Turkey was […]
Wool warms to Winter
Last week’s positive move continued with the market posting gains across all MPG’s, with the exception of 16.5 MPG in Melbourne which eased slightly. This came despite Fremantle re-joining the fold and bale offering increasing by around 5,000. The Eastern Market Indicator (EMI) lifted 28¢ to 1170¢, while 10 US¢ was added to take the […]