Wool market maintains a steady climb
The Australian wool market reverted to its recent upward trend this week, with the Eastern Market Indicator (EMI) rising 4 cents to close at 1,249 cents per kilogram. The Western Market Indicator (WMI) outperformed with a 14-cent rise to 1,414 cents, reflecting stronger buyer sentiment, particularly out west This week, 36,473 bales were sold, with […]
Mutton leaps over the $5 mark
After a February to forget, April has started with a bang. Miracle mutton continues to march upward, and the seasonality of supply is now setting the saleyard agenda for lamb markets. NLRS reported that national lamb yardings at the time of writing sat at 171,000 head, which is a 18% week-on-week decline, tilting the supply […]
Prices rally after rain
While there has been plenty thrown at Australian beef producers this week from outside the saleyard, the market has been on the rise, with all indicators stronger week-on-week. Flooding rains and new tariffs from Trump will no doubt impact the sector in the weeks, months and years to come, but for those that sold this […]
Day after Liberation Day
This week, commodity markets held its breath as the White House unveiled its reciprocal tariffs. The list of countries impacted by the tariffs was expansive and the size of tariffs was within expectations. Very few escaped, and reactions have been mixed, from outrage to bemusement, to relief they weren’t tougher. Notably, the countries which have […]