No steering clear of price falls
There was an inward shift in both supply and demand this week for the cattle market, resulting in lower prices across the board. Multiple saleyards reported some buyers not fully operational, as well as varied quality between pens leading to erratic price variances. The Eastern States Young Cattle Indicator was back 2% in price week […]
Welcome back Volatility, my old friend
Are we are witnessing a full blown fundamental rally, or a technical repositioning of short positions? The answer could be both, as one will lead the other. The fundamental nature of supply out the Black Sea versus the money managers willing to wager a falling price. The problems being faced in the South and Central […]
New season lambs steal the spotlight
A decline in lamb numbers helped the market to switch direction and drive prices higher. Store lamb demand was notably stronger in key saleyards this week, with quality also improving in the south. A few saleyards in Victoria report that new season lamb numbers are now making up the greater share of lamb throughput, as […]
Wool market dragon is stirring
When the cat is away the mice will play. Good news for the Chinese property market before China’s public holiday break has boosted the confidence and intent of wool buyers on the East Coast this week at auction. The Chinese Central Bank (PBoC) announced stimulus activities to assist the maligned Chinese property and equities market. […]
