Season ends with fire & ice
The 2021/22 selling season finished on a depressed note this week in the face of a large offering. News of a fire at one of the largest wool processors in China late last week and, according to AWI reports, some shipping logistical issues that delayed buyers’ funds, sent auction rooms into a spin. While it […]
Highest EMI for the season
AWEX report that the EMI improved by 7 cents this week and has now lifted for the past three weeks a total of 60 cents or 4.2%. This puts the EMI at the highest point since March 2020, while the dollar value of wool sold is $2,556.7 million, $377.6 million more than last year. The […]
Market softer overall as wintry conditions take hold
The wet, wintry conditions across most of the east coast is starting to partially impact the quality of sheep and lambs as they battle through the tougher conditions. Demand is still strong, especially for higher quality stock, but overall the market was generally softer this week. Last week, east coast lamb slaughter dropped by 1% […]
Lower offerings as we head towards the annual recess
We’re into our last month of sales before the annual recess and this weeks’ offering was considerably smaller than the last few months. Most indicators finished the week lower with a few exceptions. The EMI has fallen again, down 6ȼ/kg to 1414ȼ/kg. The Aussie dollar was 0.63ȼ higher against the USD, lifting to 0.7162 US, […]
Market falls after 5 weeks of gains
The wool market was mostly weaker this week with most indicators falling. AWEX again reported low VM types attracted ‘excellent buyer support’ and were the least affected by the falling market. The EMI has fallen after 5 consecutive weeks of strengthening, falling down 14ȼ/kg to 1420ȼ/kg. The Aussie dollar was 1 cent higher against the […]
Yardings lift along with heavy steer prices
Last week we saw cattle yardings lift back towards 5-year average levels as we had our first full week of sales since May, while slaughter numbers lifted back to around last year’s levels but are still well down on the 5-year average. The increase in numbers to the yards saw most of the national indicators […]
Another strong week for wool
The wool market had a positive week all round with even the crossbreds lifting meanwhile the EMI continues its path upward. The EMI improved for 4th consecutive week lifting 26ȼ/kg to 1427ȼ/kg. A depreciating Aussie dollar, falling 2.16% on last week to 0.69 US, saw the EMI in US terms shed 4 cents to 993 […]
Yardings bounce back
Yardings bounced back last week with mixed results across saleyards as patchy rain may have some producers questioning restocker intentions going into next season. On average, all the national indicators rose though bar mutton. Slaughter numbers also rose last week with a 6% lift in lambs slaughtered on the week prior to just over 300,000 […]
Tight supply drives the market
Another short week last week resulted in lower cattle yardings, but this didn’t stop buyers coming to the markets, with strong demand for all types of cattle firming up all national indicators week on week. East coast yardings for the week ending 22nd of April, were down 25% on last week and over 50% lower […]
Big offering well received after Easter recess
A big offering after the 1 week Easter recess break was received enthusiastically by buyers, with the Eastern Market Indicator (EMI) recording its’ first lift in 6 sale series. The EMI is 10ȼ higher than where it sat before the Easter break at 1,377ȼ. Once again the strongest demand was for higher yielding, lower vegetable […]
Foot & mouth outbreak in South Africa
The big news this week was an outbreak of foot-and-mouth disease in South Africa, and in response China swiftly banned imports of wool from South Africa. Depending on the length of the ban, we may see some extra demand from China in the coming months which should help support the current the market. This week […]
Record global food prices
It won’t come as a surprise to readers that most agricultural commodities have increased in $ value both here in Australia and internationally over the past two years, driven up by low supply, Covid-19 impacts across the globe, followed by a surge in freight and shipping costs and finally by the Russian war on Ukraine. […]
