Weather drives the news cycle
It has been a relatively quiet week on the markets. Possibly a mere coincidence that there has been less antagonistic language coming from the White House around trade tariffs. The messages coming out of the US sound almost buoyant, with trade deals being signed and world leaders apparently queueing up to seek a common path […]
Strength remains in the market post-holidays
A swag of public holidays means we haven’t recapped the cattle market for three weeks, but there has been limited movement across most indicators in that period. Rain is still eluding many producers in the south, and the assessment of actual losses from flooding in the north is still underway, which means most of the […]
Mutton momentum continues
Back to business, and the saleyards have seen stock flood the yards. The sharks were circling as the mutton momentum continued. Indicators took the elevator up, and it’s evident that processors are ramping up the pressure at the rail per MLA saleyard reports. In Wagga, good quality lambs got bidders competing fiercely, and quality didn’t […]
Buyers return cautiously
The Australian wool market resumed after the Easter recess with a cautious tone, as softer buyer demand persisted. With 40,295 bales available to trade and the AUD gaining 0.65% against the USD, market sentiment remained subdued, with 33,922 bales sold by the end of the week. This was mirrored in the Eastern Market Indicator (EMI), […]