Slow lamb flush being absorbed
We are nearing the end of spring, and it’s this time of year when Victorian lamb supply ramps up. In theory, increasing supply should lead to lower prices, but we’re seeing prices tracking sideways or even strengthening. Stronger demand appears to be matching the supply flush, at least for now. The spring lamb flush is […]
Hefty demand for heavy steers
Heavy steer demand has been on the rise this month, with the national price indicator climbing 9% in the past three weeks. Strong export demand is a major driver of this, as is improved confidence in domestic seasonal conditions. While slaughter remains historically high, the availability of heavy cattle has been impacted by southern seasonal […]
Post shutdown wheat supply surge
Today’s article was going to look at harvest progress and pricing, and we will take a brief look at that, but the big news in markets has been the latest World Agricultural Supply and Demand Estimates (WASDE) Report, released late last week. Wheat is suddenly in abundance. Due to the Government shutdown in the US, […]
High staple strength premiums
After last week’s article on low staple strength, a question was asked about high staple strength supply and premiums, the corollary to low staple strength. We look at this in the article below. The range or distribution of staple strength, while not strictly a bell shape or normal, is close enough to assume that as […]