Sheep and lambs still lifting
The sheep and lamb market continued its positive trend this week, with all categories now operating well above month-ago and year-ago levels. Yardings decreased slightly on the back of large numbers last week to make up for cancelled markets during southern Australia’s heatwave, but lamb numbers were still well up on where they were this […]
Are things about to ramp up?
Plenty is happening in the beef market as production begins to ramp up. Whilst saleyard prices this week effectively tracked sideways there looks to be movement at the station for demand which will impact saleyard cattle prices moving forward. This week, restocker steers improved 20¢ to 503¢/kg lwt and restocker heifers improved 11¢ to 403¢/kg […]
Technical twist drives wheat
Another mostly quiet week in the wheat pits. The Feb USDA and WASDE report barely rated a mention, other than raising US ending stocks and holding carryout at previous levels. Globally wheat production increased a fraction as did overall carryout. By and large, a really benign report for wheat. The market did, however, sit up […]
Market momentum persists ahead of Chinese New Year
The Australian wool market extended its winning streak this week, with the Eastern Market Indicator climbing 16¢ to finish at 1,693¢/kg ahead of next week’s Chinese New Year recess. With 37,301 bales offered and 35,417 sold, the passed-in rate this week was 5.1%. The Northern indicator rose 20¢ to 1,737¢/kg clean. For the fine merino […]