Buyers place their faith in youth
Restocker yearling steers performed best this week, improving 12¢ week on week to 358¢/kg lwt and judging from MLA saleyard reports it wasn’t hard to see why. Young cattle in most of NSW and Queensland are coming off winter in good condition and restockers look to be keen to invest. From Charter Towers to Gunnedah, […]
Double digit gains
Prices lifted sharply this selling week, with multiple categories making double-digit percentage gains on the week prior. Northern buyers took over their southern counterparts, who had led the market in recent weeks as the more dominant buying group. Rain fell in the Eastern lower third of the nation which helped bring some restockers back to […]
Mixed signals and bad poetry
The wheat market is trying to balance the news coming out of Russia. On one hand, SovEcon has released its outlook for the Russian 2025 season at a relatively modest 80.1mmt, down year on year on year. On the other hand, Russian exports look set to break another export record for October at 4.8mmt, setting […]
Little movement on the wool front this week
The wool market presented a softer tone this week with most Micron price guides easing slightly. Demand was weaker with fewer bales sold alongside a higher pass-in rate compared to last week. >Selective demand by buyers pushed the Eastern Market Indicator (EMI) down 7 cents to 1,131 ¢/kg clean. In US $ terms, the market […]