Lambs rally slows but stays above $10
As expected, record heavy lamb prices making headlines last week meant throughput saw a significant increase this week, but it was the other end of the weight range which felt downward pressure because of it. Looking at processor demand first, the National Heavy Lamb Indicator actually gained ground this week, lifting 12c/kg to close at […]
Late-season strength lifts prices
The wool market strengthened in the penultimate sale of the season, with the Eastern Market Indicator (EMI) rising by 10 cents to close at 1,207 cents per kg. Despite the smallest weekly national offering of the season at 20,756 bales, competitive bidding led to widespread price gains and a low pass-in rate of 5.4%. Only […]
Idling for now
Modest improvements for heavier types and lower demand for lighter cattle prevailed this week as the trade begins to idle in the depths of winter. The Eastern Young Cattle Indicator (EYCI) finished the week 7¢ lower to 700¢/kg cwt. Restocker demand eased in terms of volume, with those in the market opting to chase heavier, […]
Oil adds strength to wheat
A lot can happen in a week. A new battle front has opened up in the Middle East between Israel and Iran. Markets reacted strongly, especially in the energy sector. Both countries have been trading missile strikes with some of them reaching the nuclear facilities and oil and gas fields of Iran. This is a […]