Lamb price slips as new season numbers spark up
The lamb market softened this week, as new season supply increased and a public holiday in Victoria dampened demand. Sheep through the saleyards held firm, with fewer yarded, but online sheep prices dipped slightly as well. Slaughter rose by nearly 45,000 head the previous week, with almost all of the increase coming from the lamb […]
Wheat prices stabilise as import demand emerges
Wheat markets traded a mixed but slightly firmer tone this week. As of 26 September, CBOT wheat closed around US 527c/bu, up on the day. Over the past month, the contract has managed a modest 2.5% gain, though prices remain more than 11% below year-ago levels, underscoring how far the market has retreated from last […]
Red hot week in wool
Wow, what a week in wool. Triple-digit gains across fine Merino categories drove the Eastern Market Indicator (EMI) up 109 cents to 1,453 c/kg clean. That’s the largest weekly rise in six years. With just 29,248 bales sold and almost complete clearances in Sydney and Fremantle, and with a national pass-in rate of 1.8%, the […]