Steer-ing through a mixed market
The final selling week for the 23/24 financial year saw prices fluctuate within a single-digit percentage range. Attendance from the buying field is strong according to saleyard reports, but activity at the rail fluctuates with quality. The Eastern Young Cattle Indicator fell slightly by 1% to close the week at 581 c/kg. Yardings for the […]
Heavy lambs the belle of the ball
No discounts for lambs at saleyards this week for EOFY as the majority of indicators saw double-digit improvements. The National Restocker lamb indicator was up 28¢ to 613¢/kg cwt this week. This was largely driven by restocker buyers in NSW, as the NSW indicator rose 57¢ for the week to 660¢/kg cwt. The average price […]
Imports breathe life into wheat
Having fallen sharply for the month of June, the wheat market enjoyed something of a bounce last night. Having hit seasonal lows, the price seemed too good to ignore with several new import tenders being announced. The tenders give a wealth of insight into consumer and exporter behaviour. Two weeks ago, Egypt’s GASC issued a […]
Market stumbles to end of season
The end of the season produced a softer market with the Merino fleece the main culprit although the increased offering across the three selling centres didn’t help. With a larger offering, the clearance rate and pass-in rate were all higher this week was the highest pass-in rate since August 2023. The Eastern Market Indicator (EMI) […]
