It’s life Jim, just not as we know it
Are there signs of life in the wheat market? Wheat has struggled for direction in the past few months namely because of Northern Hemisphere harvest pressure, but secondly the perceived lack of demand, especially from China. As mentioned in last week’s wrap up, there is mounting concern in the market about the slow pace of […]
Siren sounds on the 3rd quarter
The final selling week of the 3rd quarter saw the spring lamb price decline continue, with competition at the rail not as hot as it has been in recent weeks. Supply was also down, helping to counteract the decrease in demand, not enough however, to lift prices. The market closed lower on the prior week […]
Cattle buyers are content for now
Buyers don’t have to stretch far to find volumes of cattle at the moment. While patches of the east have either received or are due for a few showers, the cattle keep coming. The market was generally softer this week, largely down to ample supply. Over 74,000 head of cattle were yarded across the country, […]
Wool market lacking inspiration
The wool market responded to a slightly higher Au$ with a weaker auction market. The market is now meandering without any strong demand, despite volumes remaining lower year-on-year. The Eastern Market Indicator (EMI) slipped 11¢ to settle at 1,087¢/kg, but again the market showed a lift of 6¢ gain in the EMI expressed in US$ […]
