Lift in quality pushes ESTLI back to $12
For the second consecutive year, the market is seeing week-to-week volatility in new season lamb quality, weight, and numbers, which is driving see-sawing lamb pricing at the yards. This week, buyers were keen to capitalise on the improved quality of this week’s offering, which boosted lamb indicators higher. Per MLA Saleyard reports, Wagga saw strong […]
When bad news lifts the market
The USDA’s September report landed late last week and, as is often the case, raised more questions than answers. This release is closely watched, given it incorporates on-the-ground field observations to “ground truth” satellite and model data. Corn and soybean yields were revised lower, which the market had largely anticipated. The real surprise came in […]
Market maintains the momentum
Wool prices extended their rally this week, with the EMI lifting 25¢ to finish at 1344¢/kg clean, its highest level since March 2023 and 22.4% higher year-on-year. The momentum in pricing is a welcome change for producers after the consistent easing that marked the recent low point in the wool cycle. A total of 28,788 […]
Cow price climb
The cattle market generally continued its positive momentum this week, as competition from all categories of buyers heats up. No more so than for cows, as lower supply and further increases in export beef prices pushed the national price to a new high. Online sales dominated the throughput of young cattle nationally, indicating improved confidence […]