Will southern rain cause a stir
Rain is in the gauge and on the radar for southern sheep regions that have been in desperate need of a drink. While it hasn’t translated to an overnight market reaction, with prices largely steady to slightly softer this week, a decent lead into spring is what we are all hoping for. At Bendigo saleyard […]
Back to reality
It wasn’t the warmest of welcomes for the wool market after the winter recess with the Eastern Market Indicator (EMI) losing 11¢ to 1113¢/kg. Forecasts about likely declines in Australian wool production for the year ahead were unable to spring buyers back into action (for this week at least). If we were handing medals out […]
Small gains from big rains
Following heavy rain in northern NSW and southern Queensland last week, the cattle market generally built on the recent July price rally, with four indicators hitting new 12-month highs. The Eastern Young Cattle Indicator rose to new heights for the last 12 months, climbing 2% for the selling week to 679 ¢/kg. Yardings for the […]
Wheat weighed down by lack of demand
This week has been more of the same as wheat continues to spiral down the proverbial gurgler. The annual Profarmer tour of the US is confirming the market’s suspicion that this year’s corn and bean crops are going to be big. Supply is plentiful and demand remains subdued, with the Chinese X-factor remaining enigmatic at […]