Supply stalls and slaughter slips further
More records fell in the lamb market this week as high prices failed to draw increased numbers, showing that the winter supply shortage has well and truly kicked in. Prices continued their rise across all lamb categories as breeders and traders alike no doubt start to do the sums on where they might end up […]
Market gains ground ahead of recess
The wool market continued to push higher this week, building on early-season momentum. The EMI lifted 9 cents to 1,222 cents, supported by solid demand across most categories. Volumes were lower than the previous sale, with 22,399 sold and 23,623 bales offered nationally, down 5,652 bales from the previous week. Namely, due to there being […]
Make it make sense
Wheat markets have been under pressure the past week as building US wheat production trumped the USDA report that showed global wheat stocks shrinking by 1mmt to 262mmt. It is a strange paradigm, where a benchmark publication highlighting tighter end stocks results in falling prices. To be fair, the July WASDE report was pretty benign […]
Brazilian beef tariffs bullish for Aussie beef?
The leaner winter months have seen the seasonal uptick in prices continue for cattle markets, but news on the global trade front could create more urgency. Saleyard indicators improved across the board this week, with restockers driving demand. The Eastern Young Cattle Indicator (EYCI) improved 5.8% week on week to 748¢/kg cwt. Per MLA saleyard […]