Moovement at the Yards
The return to operation for QLD saleyards, lack of rain on the forecast and the looming run of public holidays saw more cattle pass through the yards compared to last week. The increase in supply weighed negatively on prices, although demand appeared to have lifted, with supply increases far higher than value decreases. The EYCI […]
Trade dispute – what is it good for?
A lot can happen in a week. A mere 13 hours after collapsing stock and financial markets across the globe, President Trump reversed most of his ‘Liberation Day’ reciprocal tariffs for a 90-day hiatus. The President preceded his announcement to walk back the tariffs by announcing on X (the social media platform formerly known as […]
A tale of two currencies in the wool market
This week’s wool market performance was a delicate balancing act, teetering between currency-driven gains and international headwinds. The Eastern Market Indicator (EMI) closed at 1,262¢, a modest 13¢ rise in local terms from the previous week. However, when converted to US dollars, the USD-EMI dropped by 34¢ to 753¢, a 4.3% drop. Despite these market […]
Rainfall forecast forces flock to market
The uptick in the sheep and lamb market last week was short lived, with most prices dropping. But it was more than likely rainfall – or a lack thereof – that caused the fall, rather than Trump’s new tariffs which tanked everything else in the past week. While weekly throughput can be hard to directly […]
