Rain makes oats, oats makes gains
Easing supply had a role to play; however, heavier saleyard offerings and channel country rainfall have gotten the ball rolling on demand once again in cattle markets this week. Queensland remains the driver of the market, and the scales have tipped in favour of demand once again. Feeder steers were in hot demand in Dalby […]
Wool market loses heat
The wool market moderated this week after its recent rally, with the Eastern Market Indicator (EMI) easing 5 cents to 1,245 cents. The other indicators also cooled with the Northern Market Indicator (NMI) held at 1,282 cents, the Southern Market Indicator (SMI) at 1,220 cents, and the Western Market Indicator (WMI) at 1,400 cents. Reporting […]
Sheep and lambs steady as the season unfolds
The sheep and lamb market held fairly steady this week, as many in the south wait for the next rain event to give a clearer indication of how their autumn will pan out. Total lamb supply has yet to start any sort of decline, despite the next drop starting to hit the ground in many […]
Wheat stumbles, canola bubbles
The wheat market has been caught in something of a downdraft this week. High-level talks between the US, Russia, and Ukraine have been viewed as ‘positive’ towards achieving a ceasefire between the two combatants. The White House heralded the news that the Russians would ‘allow’ maritime traffic in the Black Sea to resume and saw […]