Did lambs find the ceiling?
After a stellar run over the last few weeks, the winter price rally appears to have found its limit. Lamb and mutton prices were down across the east this week, with steep falls occurring despite tighter supply. Mid-July typically marks the seasonal low point for sheep and lamb slaughter, and we saw the numbers heading […]
Southern sun seekers
Cattle yardings were up for the 4th week in a row and prices remained flat or slightly down despite the supply pressure, thanks to strong demand from processors. Quality and weight is what the buyers are chasing, with quality pens attracting the most competition and increasing the spread of prices. The Eastern Young Cattle Indicator […]
Recess Relief
The upcoming recess for the Australian wool market saw a bump in demand and pricing, with the steepest price improvements coming from the finer end of the offering. As a result, the Eastern Market Indicator (EMI) improved 17¢ to 1254¢/kg, a 1.5% improvement week on week. Best on ground this week was 17MPG in Sydney, […]
Wheat bus looking for a new driver
Are we seeing seasonal lows? The wheat market has been under intense pressure in recent weeks as the Northern Hemisphere harvest, technical selling and recent data all showing building carry-out stocks were released. We are now heading into the tail end of the winter wheat harvest and the start of the corn pollination period. There […]
