Trade winds turn

With the spring price decline setting in motion last week, producers weren’t as willing to risk another weaker market at saleyards. Throughput declined but it wasn’t enough to prevent prices from falling steeply across most categories. It wasn’t all bad news this week, however. Mutton has come under pressure in the last four weeks, with […]
Spring supply short

Supply dipped by 15% week on week for the cattle market, leading to a slight rise in prices off the back of the supply shortage. Despite some small amounts of isolated rain on the eastern coastal strip, the majority of the nation missed out on rain, with many hoping to top up their moisture profile, […]
Wheat puzzle still has pieces missing

The wheat market has struggled for direction this week. Some technical selling emerged to start the week, erasing the previous weeks gain. Since then, wheat prices have wandered aimlessly looking for a new storyline to give it a nudge. There are a few bullish stories that remain in the background. The key southern winter wheat […]
Easing supply steadies but doesn’t stimulate market

This week saw auction day wool results see-saw but eventually arrived at a stop fairly balanced after the exchange rate again influenced buyer behaviour throughout the week. The Eastern Market Indicator (EMI) has been reasonably steady in the last fortnight thanks to easing week-to-week supply at auction. A 1¢ decline in the EMI to 1098¢/kg […]