Heavy lambs hot property
Whether or not you received the forecast weather this week, the sheep and lamb market certainly responded as if it had gotten some rain. All indicators increased between 11¢/kg and 44¢/kg as both yardings and slaughter numbers moved in the other direction. The supply and demand equation between now and mid-winter looks as though it […]
Short covering heralds a shift
I’ll admit to being a bit surprised to see the wheat market continue to rally over the past week. The return to work after the Chinese Lunar New Year and little in the way of fundamental issues to drive the market, I presumed it would be a quiet week. However, money doesn’t sleep and the […]
Market steady as the south patiently waits it’s turn for a drink
Prices tracked sideways as the trade waits in anticipation of some rainfall to reach the dry southern cattle regions. Indicative NLRS yardings early Friday has supply 5% lower week on week but the drop in numbers likely wasn’t the driver for price this week. With slaughter demand continuing to hover at the current cycle heights […]