Selective buying as supply catches up
Supply more than doubled after an interrupted few weeks to the sales process. The combination of a leap in numbers and some selective buying at the yards contributed to pushing trade and heavy lamb indicators lower for the week. NSW saleyard indicators across the board saw a decline, with buying activity more focused on lambs […]
Buyers want beef not cattle
The cattle market was mixed this week as a cooler change (and no public holiday) saw numbers flood back to saleyards. National indicators show that processors and feeders were back leading the buying support, while a dry southern summer means restockers are potentially holding back. Considering the increase in numbers, prices held up well, particularly […]
Macro take the wheel
This weeks commentary is more about macro-economics and geopolitics that anything directly wheat oriented. Having climbed to over 0.70USc, the AUD has tipped over in the past couple of trading sessions, to be around 0.695USc and a slight improvement for our cash prices. The change seems to be centred around Trumps new Fed Chair nominee, […]
Wool market finds its footing
The Australian wool market recovered from the losses recorded in the previous series, with prices lifting across both selling days. The Eastern Market Indicator rose 12 cents to finish the week at 1,677 ¢/kg. With 38,736 bales offered and 37,466 bales sold, the passed-in rate was below average at just 3.3%, and the price improvement […]