Lighter cattle come forward
Volatile rainfall across the country, the Middle East conflict driven energy shock and even a new trade deal for Australia are all factors that will look to impact the cattle market in the coming months. This week at least the market reaction to lighter cattle and higher costs was an easing of saleyard cattle indicators. […]
Supply and Pricing lower again
The Eastern Market Indicator (EMI) fell for the second week in a row this week despite a week on week decline in supply. The EMI finished the week at 1724c which was 27c lower than last week. Bales offered fell from 42,278 last week to 39,673 this week. The lower bale offering gave some respite […]
Sheep and lamb market not slowing
A new record saleyard price for lambs was set this week and the restocker lamb price continued its surge upwards. More rain falling across the southeast of the country and diminishing supply has only meant positive things for the sheep and lamb market, despite prices not traditionally showing much upward momentum at this time of […]
Beware the Headlines
Whether or not the “new way” markets operate is here to stay or not, this week was a clear example of headline driven trade impacting the market. Early in the week, Donald Trump posted on social media that “good, productive talks aimed at a complete resolution of the armed conflict” had taken place with Tehran. […]