Merino lambs catching up
Lambs continue to reclaim the saleyards, with mutton prices remain the beneficiary. With the Easter and the Anzac Day breaks approaching, the top end trade lambs continue to support pricing as the Eastern States Trade Lamb Indicator (ESTLI) improved 7¢ to 801¢/kg cwt. National Trade lamb indicator rose 9¢ to 795¢/kg cwt with saleyard reports […]
Wonder week for wool
With much lower supply already flagged last week for the wool market, prospects looked favourable heading in. The result exceeded expectations with all micron categories improving week on week and the Eastern Market Indicator (EMI) jumping 30¢ to 1225¢/kg, it’s highest value since May 2023. A 22% decline in the offering was just what the […]
Fine wool finds support
After a period of elevated supply and the aussie dollar resisting further declines, the wool market was able to retrace recent losses this week. Momentum from the Northern superfine sale and supply relief pushed the market higher as the Eastern Market Indicator (EMI) rose 11¢ to 1195¢/kg. The designated superfine sale in Sydney opened to […]
Here come the lambs
Indicative NLRS yardings had supply higher again, but in a refreshing change, lambs dominated throughput this week, and despite the surge in supply, trade lambs remained relatively steady, whilst restockers chasing lighter lambs remained competitive chasing lighter lambs in a heavier offering this week. Indicative NLRS yardings had supply higher again, but in a refreshing […]
Vast volume clears
The Australian wool market continued its decline for the 2nd consecutive week. The benchmark Eastern Market Indicator (EMI) declined by 8 cents to close at 1,184 cents, as the week started with a softer tone. Supply pressure did contribute to the slight easing in the market as the pass-in rate (8.2%) again surpassed the season […]
Train back on the tracks as supply evens out
Cattle Supply is beginning to even out, and rain continues to fall on the east coast. The result has been a return to late 2024 form for cattle markets this week as the EYCI pushes upward again by 16¢ to 669¢/kg cwt. A dry summer and plentiful supply had contributed to an easing market on […]
Supply pressure spooks sellers
It can be difficult to see the forest for the trees at times, particularly when the details have presented the best opportunities for wool sellers this season. Supportive currency movements and lagging supply have seen the Eastern Market Indicator (EMI) creep upward this season, but this week’s big offering spooked shyer buyers who are still […]
Mutton discounts a sponge for slaughter capacity
Lower lamb supply week on week was not enough to halt further declines across the majority of indicators. Buyers remain for the majority of lamb types from light to heavy, but the relative affordability of mutton, which continues to flow through the system, is halting the upward momentum of the lamb market…for now. Restocker and […]
Producers flood the market
A hot start to the year has cattle swarming the yards but despite strong fundamentals for the cattle industry this season, immense supply all at once overwhelmed the market this week. Last week east coast yardings eclipsed 90K head and preliminary figures have this week’s number at just under 88k head. It’s been an unprecedented […]
Yardings react to softer opening
Supply was very reactive to the conditions this week as lamb numbers scaled back in response to the market opening last week. At the same time, the shine on the mutton market wore off. Despite the decline in supply, the market is still keen to retrace some ground from the December highs. Processors aren’t shying […]
Santa has been good to those offloading mutton
With the market finishing like Winx last season there was always going to be a rush of supply post-sale break. After carrying lambs through a tough winter-spring in Victoria and a hot dry Christmas break (where pockets of pasture were impacted by bushfires); some producers saw the market open this week as an opportunity to […]
90CL beef cracks AUD $10/kg
This spring-to-summer period has driven a significant improvement on the confidence front when we compare it to last year. With exports humming, capacity built and rainfall reaching cattle country in the early parts of the wet season, restockers have been driving the market upward at the conclusion of 2024. NSW saleyard reports best demonstrated the […]
