Wheat stuck between a rock and a hard place
The wheat market was hit with two sets of bearish data this week. Firstly, the USDA increased global wheat production by a substantial 5.0mmt, with ending stocks at 257mmt. The increases, were well above the trades most optimistic estimates, including 54.7mmt in the US (up 3.6mmt) and an additional 1mmt in Canada to 35mmt. Secondly, […]
Southern buyers chasing the warmth
Southern processors are pushing north in search of slaughter ready stock and it’s working wonders to heat up competition across the field. An increase in yardings didn’t dampen momentum this week as prices across many saleyard indicators have hit the highest point in over a year. The Eastern Young Cattle Indicator lifted 14.50¢ on the […]
Heavy lambs push towards the all time high
Prices rose across the lamb and sheep market as the winter price rally really hits its stride. Yardings were unchanged week on week as producers looked to cash in on recent gains. Quality is driving prices up according to the saleyard reports with buyers keenly competing for the best pens. Heavy Lambs rose 2% (20 […]
Nothing to write home about
It was a difficult week for the market, as reports that our biggest market China was sitting on its hands as it waited to get some clearer direction from retailers. Despite Fremantle taking the week off, the market opened weaker before showing a glimmer on the final day, however the tone remained downbeat. The Eastern […]
