Trade lambs reach new high tide mark
Some much-needed rain and lower supply have joined forces to push lamb prices to records as we approach winter in earnest. Expectations have been for supply to tick lower on the approach to winter, but historic trends don’t make it rain. In June, saleyard throughput typically tracks lower, lambs average a 12% decline MoM in […]
Supply is still high, but prices are steady
The cattle market experienced little movement in the past seven days, as a public holiday in some states saw yardings dip below the five-year average – something that has only happened this year in other short weeks. Feeder buyers are holding firm, and processors have also kept their prices steady, while restockers may have started […]
Wheat is a forgotten casualty in global strife
There have been a few fundamental drivers to make the headlines this week. Instead, the newsreels have been focusing on the riots in LA and the trade talks between the US and China. Something like 20 hours of talks and negotiations were held at high levels in London to try and bring trade between the […]
Fine wool slips, broader types soften
The wool market edged lower this week, with the EMI falling 2¢ to 1,197¢/kg, in what proved to be a tale of three markets in a shortened week. With Fremantle returning to the selling program, the national offering rose by 6,076 bales compared to the previous week. There were 28,882 bales available to the trade […]