Heat pushes numbers up and prices down
Sheep and lamb prices felt the pressure of increased supply this week, with all categories closing in the red. Extreme heat across the country pushed yarding numbers higher, but historically we still aren’t seeing the throughput of recent years as yet. Processor demand wasn’t exempt from the price drop, however the mutton market showed more […]
New year reset lifts wool market
The Australian wool market returned from the Christmas and New Year recess with a strong re-rating across all selling centres, as buyers returned from the break with renewed and spirited intent. The EMI lifted by 107ȼ for the week to close at 1,648ȼ/kg, while the Western Market Indicator rose by 131ȼ to finish at 1,846ȼ/kg. […]
It’s never a quiet one
Despite saleyards and processors being shut for the holidays, the market continues to be thrown curveballs. The announcement of quota limits for beef imports into China being the first bit of market-moving news of the year. Even when cattle aren’t at the yards, global trade continues to impact the trade. Australia and Brazil have both […]
New Year, old themes
2026 has opened with a familiar driver dominating the headlines: geopolitics. Forget Russia, Venezuela or Greenland, developments in Iran arguably carry far greater implications for commodity markets. Iran is not only a significant producer of oil and fertilisers, but also a major wheat importer. The protests currently unfolding are not without precedent. However, renewed threats […]