Mutton plugging the gap
New season lambs are light and lack consistency in quality down south, an unfortunate side effect of the dry year. With competition fierce for the ideal stock, buyers are being pushed to other ends of the spectrum to restock paddocks or fill kill space. It’s 7 weeks till Christmas and supply is ramping up with […]
Sunshine State shines the brightest
Heavy rain in the southern areas of Queensland sent the restockers on a buying spree along with export buyers at the other end of the scale. The increase in demand and a slight tightening in supply saw modest gains in price for the final selling week of October, with Queensland leading the pack. On the […]
More bang for buyer buck
The 38,904 bales offering this week proved too much for the market to absorb without a further price decline. This coupled with a fall in the exchange rate means that for overseas buyers, wools ‘bang for buck’ is now looking as good as it was in May. It was hoped that the softer Australian dollar […]
The answer is blowin’ in the wind
It has been a bumpy week in the wheat market. The events driving the choppy price action have been somewhat conflicting, typical of a confused market. A poor initial crop condition score for the US winter wheat crop initially saw prices jump, only to be hammered lower by a forecast of some much-needed rain in […]