Lamb lifts despite market rush
Strong processor demand for new season lambs and rain falling in the southeast of the country put the lamb market in the green this week, with prices lifting across all categories despite yarding numbers also being on the up. Last week’s increase prompted an extra 11,600 sheep onto the market this week, but it didn’t […]
Restockers emerging in the South?
Supply has been easing to the yards during harvest, which has provided support for the market so far, but emerging restockers from the south might throw a spanner in the works for processor buyers. This week saw improvement across the board for all indicators, helped in part by the third week in a row of […]
Rally fades as reality sets in
Since last week’s superpower meeting, the ag market has gone on something of a tear. Wheat was up 30¢/bu, corn up 5¢/bu and soybeans up 58¢/bu. Wheat has benefited from recent rumours of Chinese purchasing interest, but it was soybeans that always had the most to gain should China re-enter the US market. And so […]
Wool finds relief after a long month
The wool market found renewed life this week, with the Eastern Market Indicator (EMI) lifting 6¢ to 1419¢/kg, while in US dollar terms it slipped 9¢ to 924¢/kg. The stronger Australian dollar was the main factor behind the divergence, firming to US65¢ after Federal Reserve Chair Jerome Powell downplayed expectations of a December rate cut, […]