Harvest quality plagues wheat
Having briefly flirted with prices below 500c/bu, the CBOT Dec ’24 contract is relatively unchanged week on week after some minor adjustments were made to Canadian, French and German production. This week’s lift in futures has been a welcome reprieve from what seems like a constant drain lower. For the month of August, CBOT Dec […]
Which way is the wind blowing?
The Eastern Young Cattle Indicator jumped 7 cents to 686c/kg cwt this week, following a 6% week on week increase in yardings. Restockers and feeders were well placed to acquire cattle in numbers at the nations saleyards in what was a largely sideways week for pricing. Restocker demand was alive and well as the number […]
Wagga walks ahead of the pack
The final selling week of winter was largely flat, with some small gains in value. Supply from the paddock to the saleyard was down slightly for lambs and steady for sheep with a total yarding of just over 251k head. The new season lambs continue to drag up price averages, with buyers chasing weight and […]
No warmth for this weeks wool market
Unfortunately, the second week of the new selling season resulted in a continuation of the opening weeks’ sentiment. The market struggled with the twin issues of a slightly stronger AUD/USD and a larger offering trying to digest the build-up of volume over the recess. Sellers were unimpressed, lifting the pass-in rate to 11.7% of the […]