Market overcomes monster July yardings
Yardings have backed off this week which has allowed for prices to slowly track higher after a hectic couple of weeks at the nation’s saleyards. Young cattle prices took the stairs in July (Figure 1) improving 15% for the month and are now sitting 91¢ higher at the finish of this week compared to the […]
New season drops trickling in
A large reduction in yardings was not enough to completely sandbag the price falls for all of the indicators this week. Buyers took a break, with multiple saleyard reports mentioning absences in their buying fields. Quality and weight remain the scarce desired specification, with plainer and lighter pens causing erratic price spreads. The Eastern States […]
Sacré bleu! French wheat worries.
Stabilising Northern Hemisphere crops and improving Southern Hemisphere crops have provided very strong headwinds for the CBOT wheat contract. The US winter wheat crop is nearly in the bin and the spring crop is looking like it’s going to be a big one. Australian crop is being talked up to now being in the realms […]