Back to the paddock demand lifts light lambs
There was a clear divide between buying types this week, as most indicators remained fully firm to higher with the exception of heavy lambs and mutton, as the short week in some states saw sheep supply lighten off and processors seemingly take their foot ever so slightly off the gas. Restockers, however, haven’t gone into […]
Prices flat as offering increases
The Eastern Market Indicator (EMI) fell relatively flat this week, up only 2¢ to 1897¢ after price rises for Crossbred wool and Sydney fine merino offset losses across the rest of the table. The bale offering increased by 4,078 to 37,744 and so did pass in rates, increasing from 2.8% to 6.9%. This week 35,139 […]
May Day for Wheat
Grain markets are firmly in the grip of the weather gods right now. The US HRW crop continues to draw attention, holding at 30% good-to-excellent despite last week’s frost event. Some of the forecast rainfall did materialise across the parched regions of western Kansas, though the Texas and Oklahoma panhandles largely missed out. There are […]