Market kicks as quality starts to arrive
The story of supply has been driving the market since Winter, and demand has been reactive. Last week, there was movement at the station when it came to processor demand as heavier lambs began to appear at the yards in numbers. The momentum pushed prices higher this week Last week, national lamb slaughter jumped to […]
Oilseed markets find support as US–China trade talks progress
This week’s meeting between Presidents Trump and Xi largely lived up to expectations, we think. High on the agenda, and one of the most closely watched trade topics, was soybeans. Since the onset of the US–China trade dispute during Trump’s second term, China has largely avoided buying US soybeans, sourcing instead from neighbouring Brazil. The […]
The wool unwind continues
The wool market eased again this week, marking a fourth consecutive week of decline, albeit at a slower rate than previous weeks, as the Eastern Market Indicator (EMI) fell 14¢ to 1413¢/kg clean. In US dollar terms, the EMI lifted 5¢ to 933¢ as the Australian dollar softened. The national offering totalled 33,535 bales, with […]
Rain slows supply, restockers ramp up
Cattle yardings fell to their lowest levels in two months this week, which helped push prices higher right across the board. Rainfall over the past 10 days no doubt also boosted market competition, with restocker steers experiencing the largest upswing, but processor categories also made strong improvements. On the supply side, last week’s (latest figures […]