Weighting on the lambs to change
Lighter lambs dominated the yardings, which couldn’t drum up excitement from buyers for this week as prices corrected, and heavier trade lambs remain AWOL. Price declines over spring are currently in line with seasonal expectations, but the lambs that are available to be bought aren’t. Total supply was higher week on week; however, new season […]
Politics back in the driver’s seat
It never ceases to amaze how quickly politics can turn market sentiment. This week, the slumbering trade dispute between the US and China flared back to life after Beijing announced new export restrictions on rare earths and retaliatory port fees on US-flagged vessels. What had been months of tentative improvement in relations quickly unravelled in […]
Feeder steers supply surge
The cattle market eased slightly this week, with all categories closing cheaper at the end of trading on Thursday. Rainfall has once again been selective and sporadic in the past month, which has meant restocker activity has yet to increase substantially. And with a front of hot weather currently rolling across the country, we could […]
Wool market slides across the board
The Australian wool market flashed red this week, with no positive indicators emerging across any selling centres. The Eastern Market Indicator fell 61¢ to 1456¢/kg clean, wiping out some of the gains made earlier in the season. The national pass-in rate remained high, with a rate of 24.6%, with Fremantle again recording the heaviest resistance […]