A new world order?
The US President came out swinging this week with renewed enthusiasm for tariffs. This time, the targets were steel and aluminium imports with Australia right in the firing line. A broad ‘no exceptions, no exemptions’ 25% tariff is to be placed on all steel and aluminium imports. In 2023, Australia exported 223kmt of steel and […]
Buyers back bidding
Values lifted this week on the back of tighter supply, compounded by increased demand from buyers. Rain on the east coast, with more forecast for next week, lifted sentiment for restockers. The drop in prices also made entering the market more accessible for buyers.. The market has been erratic since the beginning of the […]
Supply pressure spooks sellers
It can be difficult to see the forest for the trees at times, particularly when the details have presented the best opportunities for wool sellers this season. Supportive currency movements and lagging supply have seen the Eastern Market Indicator (EMI) creep upward this season, but this week’s big offering spooked shyer buyers who are still […]
Mutton discounts a sponge for slaughter capacity
Lower lamb supply week on week was not enough to halt further declines across the majority of indicators. Buyers remain for the majority of lamb types from light to heavy, but the relative affordability of mutton, which continues to flow through the system, is halting the upward momentum of the lamb market…for now. Restocker and […]