Processors push on, restockers wait for rain
The cattle market held steady this week, with no significant changes in the status quo. Yardings fell slightly to the lowest they’ve been in five weeks but remained above the average for this year so far. While industry sentiment remains strong, the market might be waiting on more rain on the south to steam ahead […]
Stocks, shutdowns, and surprises
Another week gone, another week dictated by happenings in the US. This week, the USDA published its September US stocks report. Both corn and wheat stocks were raised above pre-report estimates, which saw prices tumble. The increase is attributed to higher yields, especially in the winter wheat classes. Corn carryout is now tipped to be […]
Tight supply underscores wool’s ongoing surge
The wool market posted another remarkable lift this week, with the Eastern Market Indicator rising 112¢ to finish at 1,565¢/kg clean, up 7.7% on the previous week. This was the 5th largest weekly increase since reporting began, extending the rally to 11 consecutive weeks and lifting the EMI by 358¢ over that period. Year-on-year, the […]
Mutton discounts are declining as the trade awaits better lambs
Turnoff sheep were welcomed with open arms, and trade lamb prices continue to defy spring declines for now. Restockers have upped the ante, taking advantage of the lambs on offer as quality and weights remain inconsistent across the country due to spotty new season lamb supply. The Eastern States Trade Lamb Indicator (ESTLI) gained 4¢ […]