Record slaughter doesn’t dampen spirits
Despite lamb yardings running at above-average levels over the last few weeks, saleyard reports are still noting a hefty appetite from processors for lambs that meet their ideal requirements. Price movements this week paint a pretty clear picture of that story. The Eastern States Trade Lamb Indicator (ESTLI) lifted to 817¢/kg cwt, up 29¢ on […]
Attention turns to lighter cattle
Rainfall means opportunity and restockers with windscreen wipers on drove an increase in lightweight steer and heifer indicators nationally. The intent of processors as economic conditions and supply fundamentals continue to support the cattle market on the run to Christmas. Supply continues to rise, but reaction to rainfall and some improvement in weight and quality […]
Stable market continues
The wool market has now been in a relatively tight trading range since May last year with AWEX reporting that the EMI over this period has ranged just 134 cents. A noticeable factor is the decline of wool testing 40 N/KT and better, with just 27% of the fleece offering above this threshold. This phenomenon […]
Black Sea front and centre again
Another escalation in tension in the Ukraine – Russia conflict occurred with the Biden administration approving the use of US long-range weapons. The rapidly changing situation in the Black Sea continues to create uncertainty in global economic trade, especially for agricultural commodities. As a result, we are starting to see some war risk premium built […]
