Quality improves to keep prices hovering at highs
Cattle prices continue to hover around the recent highs as buyers continue to queue up for cattle making their way to the yards. Easing supply and improved quality of the cattle available at the yards helped to insulate the market from price declines this week. Indicators traded within a narrow range this week, ranging from […]
Wool keeps on climbing
The wool market notched its eighth consecutive weekly rise, with the Eastern Market Indicator (EMI) lifting 28¢ to 1319¢/kg clean. This takes the EMI to its highest level since March 2023 and 20% higher than the same time last year. A total of 26,828 bales were sold nationally, with the pass-in rate falling to 2.6%, […]
Mutton on the move as spring brings mud
All the market momentum was behind mutton this week, as the indicator climbed once again off the back of some decent rainfall in sheep-producing areas and lower slaughter the previous week. Restocker lambs were also in hot demand, with the improved seasonal conditions having led them to increase in price significantly over the past month. […]
Wheat Drifts Sideways as USDA Looms
Chicago wheat (CBOT) has bounced around on either side of unchanged this week as market participants seem unsure about tonight’s USDA report. This report is thought to be a price mover as the USDA will provide some ground-truthed yield data on corn and soybeans, but it will also look to revise global wheat production. Southern […]