Cyclone disruption halts supply

Ex-tropical cyclone Alfred has contributed to significant disruption throughout the cattle supply chain, as processors, saleyards and producers were all impacted. Consequently, this week saw a significant decrease in yardings, applying positive pressure on prices. Initial yardings data from the NLRS show a reduction of 42% week-on-week, down to 44k head. Yardings fell for every […]
Wool’s winning streak continues

The wool markets’ momentum continued this week as the positive tone was extended, leading to the Eastern Market Indicator (EMI) increasing 17¢ to 1,242¢/kg. Renewed demand at the Northern sale and a steady Australian dollar outweighed the impact of a 5,648-bale supply increase, keeping the rally alive. Sydney kicked off on a positive note, with […]
Merino lambs catching up

Lambs continue to reclaim the saleyards, with mutton prices remain the beneficiary. With the Easter and the Anzac Day breaks approaching, the top end trade lambs continue to support pricing as the Eastern States Trade Lamb Indicator (ESTLI) improved 7¢ to 801¢/kg cwt. National Trade lamb indicator rose 9¢ to 795¢/kg cwt with saleyard reports […]
The hits keep coming

The fact that the wheat market has been relatively unchanged week on week doesn’t imply the market has been without volatility. After a slightly bearish USDA report, wheat was supported by some better-than-expected US export data as bargain hunters came out of the woodwork. This month’s USDA report largely lifted global stocks on the back […]