Short weeks don’t stop market surge
Two short weeks didn’t slow the sheep and lamb market, with national indicators in the green right across the board, and restocker lambs now above $12/kg for the first time. Total combined yardings lifted week-on-week but were still at public holiday impacted levels comparative to the rest of this year, with Easter trading the only […]
Short week, minor decline
After the easter break the uneven balance of yardings and slaughter numbers typically mask underlying sentiment of the market. Uncertainty of diesel costs and wide-ranging side effects of the Iran conflict on global trade, currency and consumer sentiment continue to muddy the waters. At the moment where rain has been received, demand remains strong. Indicators […]
Dire Straits
Commodity markets are being pulled in multiple directions all at once. A tenuous cease fire announced this week brought a broad sell off, with crude oil plunging 14% at one point with wheat following suit. Confusion remains around what exactly a cease fire entails as conflict continues and the Strait of Hormuz remains effectively closed […]