Restockers up the ante
Spurred by widespread rain on the East coast and plenty of quality pens; restockers and processors clashed at the rail sending prices skywards. One more sale week remains for 2024 before the Christmas shutdown with the market operating at elevated levels. Quality drove the prices, with many saleyard reports mentioning erratic markets for some of […]
Make it make sense
Week on week, the wheat market has managed to stay pretty much exactly where it was – unchanged despite a raft of big data being released. The USDA’s World Agricul-tural Supply and Demand Estimates (WASDE) trimmed global corn stocks based on higher demand, but largely left wheat and soybeans unchanged. It is when you drill […]
90CL beef cracks AUD $10/kg
This spring-to-summer period has driven a significant improvement on the confidence front when we compare it to last year. With exports humming, capacity built and rainfall reaching cattle country in the early parts of the wet season, restockers have been driving the market upward at the conclusion of 2024. NSW saleyard reports best demonstrated the […]
More of the same for wool
Compared to last week it was a similar offering, same pass-in rate, and limited market moves. The wool market delivered again on its 2024 theme of demand at auction covering the offering but failing to show any improvement of the general market. The Eastern Market Indicator fell back just 2 cents, while the conversion to […]