Waiting on the lambs to come
The arrival of new season lambs in numbers are imminent, and this week’s market reflected one where buyers were expecting more to choose from in the coming weeks. New season lamb numbers to the yards are beginning to creep higher but are still lagging behind average levels and the last two seasons (Figure 1). The […]
Cattle yardings fall further
Last week’s rainfall buoyed southern cattle demand, pushing prices higher across the board as yardings continued to drop lower in the north. Queensland supply still dominated most indicators again, and despite young cattle in NSW still operating at a premium over the northern yards, QLD prices showed the most improvement this week. Latest ABS data […]
Black Sea Gridlock: Why Isn’t Wheat $400/t?
Last week I attended the Eyre Peninsula Field Days at Cleve on South Australia’s West Coast. The season has been exceptionally kind so far, with crops looking set to rival, if not exceed, the outstanding 2022 season. The question I was asked most was a simple one – why isn’t wheat $400/t? When roughly 30% […]
Big fall after recess
In the first week back after the three-week mid-year recess, buyers still weren’t ready to meet sellers’ expectations with the Eastern Market Indicator (EMI) exhibiting its steepest weekly decline since October 2020, a drop of 61¢ 1812¢. The bale offering grew by 18% compared to the last sale week prior to recess to 37,702 and […]