Cattle market keeps on trucking
Confidence and enthusiasm at the yards remains strong as cattle markets continue to defy spring slumps. Heavy cattle remain in relative abundance and feedlot buyers across the east coast continue to chase stock to bring onto feed in a competitive market as buyers begin to travel further to access cattle. Indicative NLRS yardings had throughput […]
Big crops tend to get bigger
Any hope that wheat bulls had of building a springboard to bounce higher was dashed by last week’s USDA report. The report, including the WASDE global S and D, 43 days in the making, print-ed higher production and higher carryout stocks. Most relevant to us were the wheat numbers. Improved production estimates in Argentina, Russia, […]
Lamb producers leap at lofty market
The sheep and lamb market continues to resist spring supply pressure, with all categories remaining historically high. Combined yardings hit their highest level since June this week as both restocker and trade lamb numbers rose significantly, offsetting a dip in sheep throughput. As producers look to capitalise on strong returns and get lambs off before […]
Merino momentum marches on
The wool market had another wild week, with the EMI lifting 56¢ to close at 1514¢/kg clean, taking the 2-week rise to 95¢. Amid the volatility, the EMI is now 33.2% higher than the same week last year. The national offering totalled 31,796 bales, with a 3.6% pass-in rate and 30,663 bales sold, prompting strong […]