Lambs on feed lead competition
Sheep and lamb prices historically tend to trend higher at this time of year, but the market headed in the opposite direction this week. Of course, on average prices remain elevated, as does lamb supply, but both were in the red week-on-week. Sheep supply too continued to tighten, with mutton bucking the trend and lifting, […]
The Good, The Bad & The Ugly
A big week in Ag markets. Sometimes, the good and the bad go hand in hand – nothing is simple, yet everything is entwined. The week started with a bang when the USDA released their May report. All eyes were on the US wheat production figures, and the USDA surprised even the most bullish estimates […]
Crossbred wool steady
The EMI had a slight fall this week as larger losses in fine and medium merino were offset by a strong week for crossbred wool and cardings in Sydney and Melbourne. Overall, the EMI fell by 10¢ to 1876¢, pass in rates remained relatively stable falling from 7.3% to 7% as did the AUD/USD exchange […]