Supply slips further as focus moves from light to heavy
The lamb market continued to experience good support this week, with the exception of light lambs, which are now the only category sitting lower in price than they did a month ago. Mutton numbers decreased and the national indicator held just shy of firm, which could have been an indication of what was available rather […]
Power plays
The “Boy Who Cried Wolf” feels like an increasingly apt analogy for both sides of the Iran conflict. This week alone we have heard repeated claims that the conflict is over, the Strait is reopening, diplomacy has prevailed and only minor details remain — only for the opposing side to immediately contradict the narrative. Markets […]
Rain and grain push market higher
Rain made things tricky at Homebush on Wednesday but has lifted the cattle market higher. The EYCI skyrocketed this week as numbers were down, and morale was up. Saleyard numbers dropped 14% Week on week to 63k head per the NLRS helping to boost prices as widespread rain kept cattle at home. All saleyard indicators […]
Supply plummets, boosting prices
The Eastern Market Indicator (EMI) jumped this week as buyers bid strongly in a tighter supplied market. The EMI was up 54¢ to finish at 1934¢ in Australian dollar terms and up 49¢ in US dollar terms, to 1385¢. Bales sold dropped to 25,370 this week which is 20.9% below the average for the past […]