Wheat market is being pulled in opposite directions
The constant flip-flopping in the Middle East is starting to lose its punch as a market driver. The latest move from the US to effectively blockade the Strait of Hormuz—halting most movement in and out of Iran—did little beyond weakening the USD and dragging equity markets lower. Commodity markets, by and large, followed suit. Except […]
The search for sheep still surging
A return to a normal trading week meant a significant uptick in supply, putting the lamb market under pressure for the first time in a while, but it didn’t stop mutton making up even more ground and reaching record highs. The scramble for sheep supply which has been anticipated seems to be eventuating, as consecutive […]
Bumper numbers out of NSW motivate buyers to hit the road
With Northern NSW saleyards getting a flush of supply, buyers are hitting the road on the lookout for value leaving some empty car spaces at the major yards this week. Post easter return saw a flush of cattle come forward with the biggest yarding of the year so far, 106k head per NLRS. 52% out […]
Prices rise after the Easter recess
Prices have risen again after the Easter recess with the EMI up 39¢ to 1825¢. This price rises comes after an increased bale offering up 8513 to 44,765 – a 23.5% increase compared to the previous sale, which also recorded significant price rises. All in, these rises have brought the EMI to its highest level […]