Wheat walking a fine line
The wheat market is caught in a tug of war between two opposing forces. On one hand, the building supply numbers as good in-crop rains boost crop potential. On the other hand, there is a potential increase in demand as a key importers feels the pinch. Last week, we showed a map of Chinese key […]
Sheep running not walking to the yards
The mutton miracle we’ve seen over the last month brought forward a significant jump in numbers this week, taking some of the heat out of the market. The saleyards were inundated with sheep this week, with producers looking to cash in on the miraculous mutton prices seen in April. Mutton supply was 21% higher week […]
Market loses ground as autumn break still missing
The week started with a record number of cattle yarded at Wagga Wagga, with 8731 put through the ring on Monday. This followed on from the third-largest AuctionsPlus cattle offering on record last Friday, and the Wagga yards are again full today with store cattle going under the hammer. So, it comes as little surprise […]
Wool dips as quality slips
The Australian wool market softened this week as a firmer Australian dollar and a sharp decline in wool quality weighed on buyer sentiment. The Eastern Market Indicator (EMI) fell 19¢ to 1,191¢/kg, with all three selling centres recording losses. The national pass-in rate rose to 14.2%, despite a reduced offering of just 28,508 bales—the second […]