Decade high slaughter doesn’t dampen market
The cattle market responded positively to lesser throughput and areas of rainfall this week, with prices lifting right across the board. Slaughter has remained historically high, above 160,000 head, for the past three weeks, further indicating good market sentiment as prices keep above year-ago levels. Cows and heifers had the most upward momentum across all […]
Erratic may market
Some more rain has fallen, but demand remains patchy. Light lambs to slaughter remain under pressure and heavy cull lambs and sheep remain a rare commodity. Post April is always a tricky time to gauge where the market sits particularly at the moment with differing seasonal conditions across the country’s key sheep production regions. Saleyard […]
Market eases on the back of tighter economic conditions
This week the Australian dollar (AUD) hit its highest rate against the US Dollar (USD) since May 2022, at 0.725¢, on the back of the Reserve bank of Australia’s (RBA) decision to lift interest rates to 4.35% (a hawkish stance) while global central banks, mainly the US federal reserve and the European central bank are […]
Oil Trumps Wheat
Grain markets did an abrupt about face this week. After weeks of steadily rising, ag commodities led by wheat erased a month’s worth of gains. The catalyst appeared to be easing tensions in the Mid East – or at least the rhetoric dialed down a notch – and rains in the US Plains stabilising the […]