Live export trade slips as domestic market soaks up supply
Australia’s live cattle export numbers lifted significantly in July but remain subdued for the year-to-date compared to the five-year-average. More competition for lower supply and strong prices has impacted some of the throughput. The trade has also been impacted by the purchasing power of the Indonesian currency, and that market’s input costs and industry regulations. […]
Was that the peak for lambs?
With record lamb and mutton prices, very strong wool values and the season to date having been the friendliest in years, sentiment in the sheep industry is running strong. Lamb prices have eased in recent weeks, which begs the question, have we seen the peak? The issue with forecasting lamb, sheep and wool supply, is […]
The north-south feed grain spread is opening again
Despite consuming more grain than ever locally, Australian feed grain prices usually follow international values closely as we are still a large exporter. In the north, prices remain at a premium however they are on the move again. After peaking in late July international wheat prices have been easing. As outlined in Friday’s comment, markets […]