Wool market climbs for fourth consecutive week
The Australian wool market posted its fourth consecutive weekly gain, with the EMI adding 8¢ to close at 1,250¢/kg. Strong demand in the Northern market and a steady Australian dollar offset a 1,898-bale supply increase over last week’s sales This week, the national offering reached 40,144 bales, with 37,328 sold and a pass-in rate of […]
Dry dictates market movement
The cattle market softened slightly this week as yardings lifted by more than 20,000. This increase in throughput was also heightened by lesser cyclone-affected yardings the week prior, and Victoria/Tasmania having a public holiday. Both the selling and buying activity continues to be dictated by widespread dry conditions, with plenty of the prime reports mentioning […]
Mixed outcomes for the ag market
Give or take a few cents, the US wheat market close last night was relatively unchanged for the week. Some supportive news, including better-than-expected new crop US export data and the announcement of Chinese stimulus measures aimed at improving domestic consumption, helped agricultural commodities recover after last week’s moderately bearish USDA report. Reports of dry […]
Mutton well ahead on last season
Lamb indicators at a national level across the board saw easing demand as the offering for the most part was a reflection of the seasonal conditions to date. Saleyard reports per the MLA noted strong demand for grain-fed animals in Wagga and other centers saw notable easing for secondary types. Lamb indicators averaged a 2-7% […]