Southern buyers sweep up young lambs
Rain reached patches of central and northern NSW this week but failed to find its way south. The dry spring plaguing much of Victoria and South Australia is being reflected in the variation of numbers and quality, and this week it sent processors North. Trade lamb prices firmed in all states, with high-yielding lambs in […]
Pricing stalls as market awaits more news from China
The spark was lit a fortnight ago, but the wool market’s fuse has stalled this week. The previous news from China was a firework for the market but the crowd now patiently awaits the big bang. Auction buyers were more selective with bidding this week as they chased lots with better yields according to AWEX. […]
Supply heads towards the norm
A full week saw yardings jump which put downward pressure on prices, with the majority of indicators losing value on the week prior. According to some saleyard reports, the quality of the pens was not what it has been in recent weeks, causing some buyers to pull back. The Eastern States Young Cattle Indicator (EYCI) […]
Time is of the essence
Having teased us with a brief rally, the market has fallen back to its old playbook – sell the forward months and clip the ticket on the way through. By this I mean, the technical traders are looking at the forward ‘carry’ – ie future months are more expensive than the current ‘spot’ month – […]
