Slaughter still sky high
The cattle market regained most of the ground lost over the past month this week, as saleyard throughput fell by 6%, likely due to rainfall on the east coast and in southern NSW. Processor and feeder stock held steady, while cows and young cattle experienced the most upside. The Eastern Young Cattle Indicator closed the […]
Big week for big lambs
Heavy lamb price records tumbled this week in Victoria as we approach the home straight on heavy lamb supply. It wasn’t just the heavy weights that caught buyers’ eyes as Light lambs also saw $1/kg improvement this week at the yards. Despite the extremes in conditions, pricing and numbers driving the lamb and sheep market […]
Quiet week as winter approaches
The wool market posted a modest gain this week, with the Eastern Market Indicator (EMI) rising one cent to close at 1,204 cents per kilogram. The Northern Indicator rose four cents to 1,241 cents, and the Western Market Indicator added two cents to finish at 1,366 cents. The Southern market indicator remained unchanged at 1,180 […]
Wheat is held in a rattled cage
Markets have chopped around either side of unchanged this week, not unexpected when con-sidering the abbreviated week from the US Memorial Day public holiday. Over the weekend, the Int’l Grains Council (IGC) released its May report, increasing major exporters’ production by 5.3 mmt. Current IGC figures have overall wheat production tipped to rise by 900kmt […]