Market corrects, but restockers are keen
Light new season lambs ironically acted as an anchor to indicators this week, as not all buyers were present in a correction week at the yards. Premiums at the yards for the grain finished lambs were available, but a significant supply of lighter-weight lambs already suggests buyers will be particular on the run into spring. […]
Importers starting to line up
In a rare turn of events, the wheat market closed higher this week, breaking a multi-month downtrend. Still, one week does not make a trend. On a broader scale, global wheat prices continue to weaken. As of August 22, wheat was trading around US$5.07 per bushel, down roughly 6 to 7% over the past month, […]
Market maintains upward momentum
It has been another strong week for the cattle market, with all categories on the rise, with the exception of processor cows, which held steady. Restocker indicators achieved the most significant increases, despite being the only type to record higher yarding numbers, albeit only marginally so. The market looks to be keeping plenty of confidence, […]
Wool rallies on recess return
The Australian wool market opened the first week back after the winter recess on a firmer footing, with the Eastern Market Indicator (EMI) finishing 8c higher at 1,247 c/kg. A total of 38,453 bales were sold nationally from an offering of 41,303, with just 6.9% passed in. Demand was strong across all centres, with Sydney […]