Wheat finely balanced as weather impacts milling wheat
Another week of roughly sideways trading in the wheat market. There have been some minor adjustments to crop size, but the weight of selling as the Northern Hemi-sphere farmer gets their cash flow needs met before Christmas, is largely keeping a lid on prices. A report out of Moscow this week indicates that the Russian […]
Northern restocker conquest pushes heifers higher
As seen this week when supply tightens at the yards, young cattle prices spike upward in the current climate. The Eastern Young Cattle Indicator improved 33¢ to 670¢/kg cwt and gave us an indicative look at what the market can do when supply tapers off, but paddocks are getting a drink. From a processors point […]
Defying seasonality
Contracting supply and rain were key ingredients in a much stronger lamb and sheep market this week. Seasonal conditions have conspired with robust processing demand which bodes very well for the outlook as we approach the new year. Looking at the rainfall map for the past week explains where the jump in restocker interest came […]
Dressing for success in 2025?
The increased offering of wool bales stirred a range of outcomes this week, particularly affecting the finer micron wool segments. On balance, the Eastern Market Indicator fell 2¢ to 1,142¢/kg in AUD terms and fell 7¢ week on week in USD terms. An additional 5,059 bales were on offer this week compared to the last […]
