Prices resilient despite chock a block yards
Saleyard cattle indicators have been resilient in the face of unseasonable numbers coming out of the North. Despite shutdowns, a lack of rain in the last few weeks and tariff talk. Queensland saleyards are ‘chock a block’, and buyers of all types are present and active. Weaners continue to make their way to the yards […]
Conflict escalations driving the market
Wheat markets across the globe exploded back into life this week as two old flash points reignite. Chicago (CBOT) has rallied 31c/bu – or approximately AU$16/t – as the Kerch Strait issue remains unresolved and now the conflict has spread further in the Middle East as the Red Sea is potentially under threat of blockade. […]
Sellers hold on as we reach recess
In the last sale before the three-week mid-year recess, bids were not able reach seller expectations or hopes as the pass in rate jumped and the Eastern Market Indicator (EMI) fell. The EMI fell by 28¢ this week to 1,873¢ in Australian Dollar terms, although for context this is a 51% increase on where the […]
Winter blues
It was a cold start for the market this week after a hot few weeks for prices. Interest from buyers lacked the crank needed to push bids higher despite lower supply. The end result was double-digit declines across the main saleyard indicators this week in the depths of winter. Across MLA saleyard reports, the story […]